Kentucky Retirement Systems Sells 45 Shares of Roper Technologies, Inc. (NYSE:ROP)

Kentucky Retirement Systems cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,067 shares of the industrial products company’s stock after selling 45 shares during the quarter. Kentucky Retirement Systems’ holdings in Roper Technologies were worth $4,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. New Covenant Trust Company N.A. purchased a new position in shares of Roper Technologies during the first quarter valued at approximately $25,000. Rise Advisors LLC purchased a new position in Roper Technologies during the 1st quarter valued at $27,000. Versant Capital Management Inc raised its holdings in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies in the 1st quarter worth about $29,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Roper Technologies during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were 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 in the company, valued at approximately $3,251,959.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Up 2.0 %

NYSE:ROP opened at $560.86 on Friday. The firm has a 50-day simple moving average of $547.92 and a two-hundred day simple moving average of $545.22. The firm has a market cap of $60.12 billion, a P/E ratio of 40.70, a P/E/G ratio of 2.92 and a beta of 1.02. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.53%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Analyst Ratings Changes

Several analysts have commented on ROP shares. Oppenheimer lowered their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Truist Financial restated a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a research note on Tuesday, August 27th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Royal Bank of Canada upped their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Finally, Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $616.00.

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.