State of Alaska Department of Revenue Has $6.50 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

State of Alaska Department of Revenue grew its position in Roper Technologies, Inc. (NYSE:ROP) by 0.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,587 shares of the industrial products company’s stock after buying an additional 50 shares during the quarter. State of Alaska Department of Revenue’s holdings in Roper Technologies were worth $6,498,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in Roper Technologies during the first quarter valued at approximately $27,000. Independence Bank of Kentucky bought a new position in Roper Technologies in the fourth quarter valued at about $31,000. Wetzel Investment Advisors Inc. bought a new position in shares of Roper Technologies in the fourth quarter worth about $31,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $32,000. Finally, Grayhawk Investment Strategies Inc. bought a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $38,000. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ROP shares. Oppenheimer reissued an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a research note on Monday, April 29th. Barclays raised their price objective on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada lowered their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Mizuho boosted their price target on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Finally, Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has 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 a consensus price target of $584.82.

Insider Buying and Selling at Roper Technologies

In other news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Christopher Wright sold 300 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the transaction, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Conley sold 3,500 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

NYSE:ROP opened at $560.45 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The company has a 50 day simple moving average of $541.02 and a two-hundred day simple moving average of $542.87. Roper Technologies, Inc. has a fifty-two week low of $471.93 and a fifty-two week high of $569.49. The company has a market capitalization of $59.99 billion, a PE ratio of 40.67, a P/E/G ratio of 2.95 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. Roper Technologies’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.90 earnings per share. Research analysts anticipate that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, July 8th. Roper Technologies’s dividend payout ratio is 21.77%.

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.