Kentucky Retirement Systems Insurance Trust Fund Sells 281 Shares of Roper Technologies, Inc. (NYSE:ROP)

Kentucky Retirement Systems Insurance Trust Fund lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,525 shares of the industrial products company’s stock after selling 281 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Roper Technologies were worth $1,977,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Rise Advisors LLC bought a new position in Roper Technologies in the 1st quarter valued at $27,000. OFI Invest Asset Management bought a new position in Roper Technologies in the 1st quarter valued at $29,000. Independence Bank of Kentucky bought a new position in Roper Technologies in the 4th quarter valued at $31,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Roper Technologies in the 4th quarter worth $31,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of Roper Technologies in the 4th quarter worth $32,000. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now owns 35,247 shares in the company, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 1.4 %

ROP stock traded up $7.64 during midday trading on Friday, hitting $548.53. 777,957 shares of the company’s stock were exchanged, compared to its average volume of 535,092. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 0.38. The business has a 50-day simple moving average of $553.71 and a two-hundred day simple moving average of $545.53. The stock has a market capitalization of $58.71 billion, a PE ratio of 39.81, a P/E/G ratio of 2.88 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. Roper Technologies’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.90 EPS. On average, sell-side analysts predict that Roper Technologies, Inc. will post 18.17 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Monday, July 8th. Roper Technologies’s payout ratio is 21.77%.

Wall Street Analysts Forecast Growth

ROP has been the subject of several research reports. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $617.00 to $635.00 in a report on Thursday. Royal Bank of Canada decreased their price objective on Roper Technologies from $685.00 to $674.00 and set an “outperform” rating for the company in a research note on Thursday. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Mizuho upped their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Finally, Barclays upped their price objective on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $604.33.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.