Roper Technologies, Inc. (NYSE:ROP) Position Cut by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 496,087 shares of the industrial products company's stock after selling 8,339 shares during the quarter. California Public Employees Retirement System owned 0.46% of Roper Technologies worth $257,891,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth $26,000. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies in the fourth quarter valued at about $36,000. OFI Invest Asset Management purchased a new position in shares of Roper Technologies during the 4th quarter worth approximately $38,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after purchasing an additional 75 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Roper Technologies during the 4th quarter valued at $45,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Down 1.2 %

Shares of Roper Technologies stock traded down $6.87 on Thursday, hitting $583.49. 321,901 shares of the company's stock traded hands, compared to its average volume of 537,939. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market cap of $62.66 billion, a P/E ratio of 40.69, a PEG ratio of 2.77 and a beta of 1.06. The firm's 50-day moving average is $574.51 and its 200 day moving average is $554.54.

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Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors 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 dividend on an annualized basis and a yield of 0.57%. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock valued at $4,712,045 over the last three months. 0.87% of the stock is owned by insiders.

Analysts Set New Price Targets

ROP has been the subject of a number of recent research reports. Barclays dropped their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company 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, Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and an average target price of $629.18.

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.