State Board of Administration of Florida Retirement System Sells 155 Shares of Roper Technologies Inc (ROP)

State Board of Administration of Florida Retirement System cut its position in shares of Roper Technologies Inc (NYSE:ROP) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,956 shares of the industrial products company’s stock after selling 155 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.15% of Roper Technologies worth $30,758,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROP. Municipal Employees Retirement System of Michigan increased its stake in shares of Roper Technologies by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,200 shares of the industrial products company’s stock valued at $584,000 after buying an additional 10 shares during the period. Bessemer Group Inc. increased its stake in shares of Roper Technologies by 0.7% in the fourth quarter. Bessemer Group Inc. now owns 3,083 shares of the industrial products company’s stock valued at $565,000 after buying an additional 21 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Roper Technologies by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,815 shares of the industrial products company’s stock valued at $1,065,000 after buying an additional 27 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock valued at $147,000 after buying an additional 29 shares during the period. Finally, Essex Financial Services Inc. increased its stake in shares of Roper Technologies by 3.4% in the fourth quarter. Essex Financial Services Inc. now owns 1,212 shares of the industrial products company’s stock valued at $222,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

Roper Technologies Inc (NYSE:ROP) traded up 1.20% on Friday, reaching $221.99. The company had a trading volume of 168,288 shares. Roper Technologies Inc has a 12 month low of $159.28 and a 12 month high of $225.57. The company has a market capitalization of $22.65 billion, a price-to-earnings ratio of 34.26 and a beta of 0.87. The company’s 50 day moving average price is $213.85 and its 200-day moving average price is $197.79.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, April 28th. The industrial products company reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.12. Roper Technologies had a return on equity of 11.97% and a net margin of 17.38%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company earned $1.81 EPS. The company’s revenue was up 20.4% on a year-over-year basis. On average, equities analysts predict that Roper Technologies Inc will post $9.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Friday, April 7th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $1.40 annualized dividend and a dividend yield of 0.64%. Roper Technologies’s payout ratio is 21.77%.

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A number of research firms have commented on ROP. Argus raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $235.00 price objective for the company in a report on Thursday, February 23rd. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 price objective for the company in a report on Monday, May 1st. Barclays PLC cut their target price on Roper Technologies from $223.00 to $221.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $248.00 target price (up from $245.00) on shares of Roper Technologies in a research note on Monday, May 1st. Finally, JPMorgan Chase & Co. cut Roper Technologies from an “overweight” rating to a “neutral” rating and set a $219.00 target price on the stock. in a research note on Friday, March 24th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Roper Technologies has an average rating of “Buy” and an average target price of $226.56.

In other news, Director Christopher Wright sold 1,000 shares of Roper Technologies stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $207.18, for a total value of $207,180.00. Following the transaction, the director now owns 66,404 shares in the company, valued at approximately $13,757,580.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

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