New York State Common Retirement Fund lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP – Free Report) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,057 shares of the industrial products company’s stock after selling 9,200 shares during the period. New York State Common Retirement Fund’s holdings in Roper Technologies were worth $77,933,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in ROP. New Covenant Trust Company N.A. purchased a new stake in shares of Roper Technologies during the first quarter worth about $25,000. Fairscale Capital LLC purchased a new stake in Roper Technologies in the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies in the 3rd quarter worth approximately $28,000. Versant Capital Management Inc increased its stake in shares of Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after buying an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. bought a new position in shares of Roper Technologies during the second quarter valued at approximately $31,000. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Up 0.6 %
Roper Technologies stock opened at $540.91 on Friday. The firm has a market cap of $58.00 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 2.86 and a beta of 1.02. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 12 month low of $486.82 and a 12 month high of $579.10. The stock has a fifty day simple moving average of $550.81 and a two-hundred day simple moving average of $545.68.
Roper Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, October 8th. Roper Technologies’s payout ratio is 21.95%.
Analyst Ratings Changes
Several research analysts have commented on ROP shares. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Truist Financial reissued a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Barclays raised 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. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $620.80.
Insider Transactions at Roper Technologies
In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.87% of the company’s stock.
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.
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