Public Employees Retirement Association of Colorado Has $8.46 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Public Employees Retirement Association of Colorado trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 5.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 15,075 shares of the industrial products company’s stock after selling 848 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Roper Technologies were worth $8,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Rise Advisors LLC acquired a new position in Roper Technologies during the 1st quarter worth $27,000. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the 1st quarter worth about $29,000. Wetzel Investment Advisors Inc. acquired a new stake in Roper Technologies in the 4th quarter valued at approximately $31,000. Independence Bank of Kentucky bought a new position in Roper Technologies in the 4th quarter worth approximately $31,000. Finally, VisionPoint Advisory Group LLC bought a new position in Roper Technologies in the 4th quarter worth approximately $32,000. 93.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $685.00 to $674.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Oppenheimer reduced their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Barclays boosted their price objective on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $604.33.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,500 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,940 shares of company stock valued at $2,214,019. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP stock opened at $545.69 on Tuesday. The stock’s fifty day simple moving average is $553.70 and its 200 day simple moving average is $545.73. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10. The firm has a market cap of $58.41 billion, a price-to-earnings ratio of 31.20, a P/E/G ratio of 2.88 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48.

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

Roper Technologies Dividend Announcement

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

About Roper Technologies

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.