Maryland State Retirement & Pension System Sells 399 Shares of Roper Technologies, Inc. (NYSE:ROP)

Maryland State Retirement & Pension System trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,703 shares of the industrial products company’s stock after selling 399 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Roper Technologies were worth $2,965,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ROP. Empowered Funds LLC lifted its position in shares of Roper Technologies by 11.7% during the 3rd quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company’s stock valued at $1,173,000 after acquiring an additional 220 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Roper Technologies by 3.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company’s stock worth $4,235,000 after buying an additional 269 shares during the last quarter. Pathstone Holdings LLC lifted its position in shares of Roper Technologies by 0.4% during the 3rd quarter. Pathstone Holdings LLC now owns 14,850 shares of the industrial products company’s stock worth $8,265,000 after buying an additional 66 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Roper Technologies by 59.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company’s stock worth $69,000 after buying an additional 46 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Roper Technologies during the 3rd quarter worth $4,482,000. 93.31% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Brandon L. Cross sold 750 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,101 shares of company stock valued at $4,712,045. Company insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 0.4 %

Shares of ROP stock opened at $575.45 on Friday. The stock has a market cap of $61.79 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 2.77 and a beta of 1.06. The stock has a 50-day moving average of $562.75 and a 200-day moving average of $552.56. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. Roper Technologies’s payout ratio is 23.01%.

Analyst Ratings Changes

Several analysts recently weighed in on ROP shares. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Raymond James restated a “strong-buy” rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

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.