Kentucky Retirement Systems boosted its stake in Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,204 shares of the industrial products company’s stock after purchasing an additional 49 shares during the period. Kentucky Retirement Systems’ holdings in Roper Technologies were worth $3,051,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ROP. Morgan Stanley grew its stake in shares of Roper Technologies by 3.6% during the second quarter. Morgan Stanley now owns 3,100,096 shares of the industrial products company’s stock valued at $1,457,664,000 after acquiring an additional 107,357 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Roper Technologies by 29.2% during the third quarter. Alliancebernstein L.P. now owns 2,391,483 shares of the industrial products company’s stock valued at $1,066,912,000 after acquiring an additional 539,896 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Roper Technologies by 4.6% during the third quarter. Principal Financial Group Inc. now owns 2,079,514 shares of the industrial products company’s stock valued at $927,735,000 after acquiring an additional 92,353 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Roper Technologies by 5.4% during the third quarter. Geode Capital Management LLC now owns 1,668,808 shares of the industrial products company’s stock valued at $742,283,000 after acquiring an additional 85,768 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Roper Technologies by 6.1% during the third quarter. The Manufacturers Life Insurance Company now owns 1,428,393 shares of the industrial products company’s stock valued at $637,249,000 after acquiring an additional 81,713 shares in the last quarter. Hedge funds and other institutional investors own 91.73% of the company’s stock.
Shares of NYSE ROP opened at $456.61 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $456.33 and its two-hundred day moving average price is $464.17. Roper Technologies, Inc. has a 52-week low of $417.54 and a 52-week high of $505.00. The stock has a market capitalization of $48.22 billion, a P/E ratio of 42.16, a P/E/G ratio of 2.84 and a beta of 1.07.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 22nd. Stockholders of record on Tuesday, April 5th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, April 4th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is presently 22.90%.
ROP has been the subject of a number of research reports. StockNews.com initiated coverage on Roper Technologies in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Sanford C. Bernstein initiated coverage on Roper Technologies in a research note on Monday, January 10th. They issued a “market perform” rating and a $505.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Roper Technologies presently has an average rating of “Buy” and an average price target of $509.72.
In other news, Director Robert D. Johnson sold 250 shares of Roper Technologies stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $449.21, for a total transaction of $112,302.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.
Roper Technologies Profile (Get Rating)
Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.
- Get a free copy of the StockNews.com research report on Roper Technologies (ROP)
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