State of Wisconsin Investment Board Acquires 12,206 Shares of Roper Technologies Inc (NYSE:ROP)

State of Wisconsin Investment Board boosted its holdings in Roper Technologies Inc (NYSE:ROP) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 161,531 shares of the industrial products company’s stock after acquiring an additional 12,206 shares during the quarter. State of Wisconsin Investment Board owned about 0.16% of Roper Technologies worth $55,239,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ROP. British Airways Pensions Investment Management Ltd increased its stake in Roper Technologies by 13.5% in the 1st quarter. British Airways Pensions Investment Management Ltd now owns 54,269 shares of the industrial products company’s stock worth $18,558,000 after purchasing an additional 6,462 shares in the last quarter. Charter Trust Co. increased its stake in Roper Technologies by 3.9% in the 1st quarter. Charter Trust Co. now owns 910 shares of the industrial products company’s stock worth $311,000 after purchasing an additional 34 shares in the last quarter. William Blair Investment Management LLC increased its stake in Roper Technologies by 0.3% in the 1st quarter. William Blair Investment Management LLC now owns 153,181 shares of the industrial products company’s stock worth $52,383,000 after purchasing an additional 506 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Roper Technologies by 1.4% in the 1st quarter. Rockefeller Capital Management L.P. now owns 31,062 shares of the industrial products company’s stock worth $10,623,000 after purchasing an additional 435 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in Roper Technologies by 9.1% in the 1st quarter. Xact Kapitalforvaltning AB now owns 27,107 shares of the industrial products company’s stock worth $9,270,000 after purchasing an additional 2,260 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

In other news, Director Robert D. Johnson sold 750 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $344.76, for a total transaction of $258,570.00. Following the completion of the transaction, the director now directly owns 7,700 shares in the company, valued at $2,654,652. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $363.44, for a total value of $726,880.00. Following the transaction, the director now owns 12,918 shares of the company’s stock, valued at $4,694,917.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,750 shares of company stock valued at $17,659,170. Corporate insiders own 1.90% of the company’s stock.

ROP has been the topic of a number of analyst reports. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a research note on Tuesday, March 19th. Barclays lifted their target price on Roper Technologies from $316.00 to $330.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 3rd. Oppenheimer lifted their target price on Roper Technologies from $335.00 to $375.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Raymond James lifted their target price on Roper Technologies from $330.00 to $370.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Argus lifted their target price on Roper Technologies from $330.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Roper Technologies has a consensus rating of “Buy” and a consensus target price of $349.90.

Shares of NYSE ROP opened at $366.26 on Friday. The company has a market cap of $37.70 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19. The firm has a 50 day moving average price of $357.87. Roper Technologies Inc has a 52 week low of $245.59 and a 52 week high of $370.31. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $3.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.78 by $0.52. Roper Technologies had a return on equity of 17.00% and a net margin of 20.90%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted $2.61 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts predict that Roper Technologies Inc will post 12.92 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Monday, July 8th will be issued a $0.4625 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.85 annualized dividend and a yield of 0.51%. Roper Technologies’s dividend payout ratio (DPR) is currently 15.66%.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

Featured Article: What are popular green investing opportunities?

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.