Illinois Municipal Retirement Fund Buys 1,156 Shares of Roper Technologies, Inc. (NYSE:ROP)

Illinois Municipal Retirement Fund increased its stake in Roper Technologies, Inc. (NYSE:ROP) by 36.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,292 shares of the industrial products company’s stock after buying an additional 1,156 shares during the period. Illinois Municipal Retirement Fund’s holdings in Roper Technologies were worth $2,340,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. AE Wealth Management LLC grew its holdings in shares of Roper Technologies by 93.5% during the third quarter. AE Wealth Management LLC now owns 1,641 shares of the industrial products company’s stock valued at $795,000 after buying an additional 793 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Roper Technologies by 12.0% during the third quarter. DAVENPORT & Co LLC now owns 637 shares of the industrial products company’s stock valued at $309,000 after buying an additional 68 shares during the last quarter. Caprock Group LLC grew its holdings in shares of Roper Technologies by 15.1% during the third quarter. Caprock Group LLC now owns 1,406 shares of the industrial products company’s stock valued at $681,000 after buying an additional 184 shares during the last quarter. UMB Bank n.a. lifted its position in Roper Technologies by 0.6% during the third quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock valued at $1,664,000 after purchasing an additional 21 shares during the period. Finally, Czech National Bank lifted its position in Roper Technologies by 47.8% during the third quarter. Czech National Bank now owns 18,650 shares of the industrial products company’s stock valued at $9,032,000 after purchasing an additional 6,032 shares during the period. 93.31% of the stock is owned by institutional investors.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.94% of the stock is currently owned by company insiders.

Roper Technologies Stock Performance

Shares of NYSE:ROP opened at $540.41 on Friday. Roper Technologies, Inc. has a 52 week low of $430.03 and a 52 week high of $565.00. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $545.43 and a two-hundred day simple moving average of $533.17. The stock has a market capitalization of $57.83 billion, a P/E ratio of 32.20, a PEG ratio of 2.83 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the company earned $3.92 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, analysts expect that Roper Technologies, Inc. will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s payout ratio is 23.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ROP shares. Mizuho increased their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Oppenheimer increased their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a research report on Thursday, January 4th. Barclays increased their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Raymond James raised their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $574.58.

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.