Public Employees Retirement Association of Colorado Has $8.37 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 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,843 shares of the industrial products company’s stock after selling 232 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Roper Technologies were worth $8,366,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ROP. Symphony Financial Ltd. Co. raised its position in shares of Roper Technologies by 1.5% during the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock valued at $728,000 after acquiring an additional 19 shares during the last quarter. Western Financial Corp CA boosted its holdings in Roper Technologies by 1.1% during the second quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock worth $973,000 after buying an additional 19 shares during the last quarter. AMG National Trust Bank grew its position in shares of Roper Technologies by 5.1% during the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock worth $220,000 after buying an additional 19 shares during the period. Legacy Private Trust Co. increased its stake in shares of Roper Technologies by 4.4% in the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 20 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of Roper Technologies by 3.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock valued at $346,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ROP shares. Royal Bank of Canada upped their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Truist Financial restated a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. Barclays lifted their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Jefferies Financial Group raised their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $616.00.

Insider Activity

In other news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 0.5 %

Shares of NYSE:ROP opened at $558.04 on Friday. The stock has a market capitalization of $59.74 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. The company’s 50-day moving average price is $547.91 and its two-hundred day moving average price is $545.36. 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, Inc. has a one year low of $474.46 and a one year high of $579.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 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.