New York State Teachers Retirement System Has $51.39 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

New York State Teachers Retirement System trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,174 shares of the industrial products company’s stock after selling 3,269 shares during the period. New York State Teachers Retirement System owned 0.09% of Roper Technologies worth $51,391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Roper Technologies during the fourth quarter worth $756,176,000. First Trust Advisors LP lifted its holdings in Roper Technologies by 149.7% during the fourth quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock worth $200,067,000 after acquiring an additional 220,006 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Roper Technologies by 32.8% during the fourth quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock worth $468,273,000 after acquiring an additional 211,967 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Roper Technologies by 134.5% during the fourth quarter. Wellington Management Group LLP now owns 272,763 shares of the industrial products company’s stock worth $148,702,000 after acquiring an additional 156,468 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after acquiring an additional 125,387 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

NYSE ROP traded down $0.28 on Friday, hitting $545.69. 193,059 shares of the company’s stock were exchanged, compared to its average volume of 514,067. The stock has a 50-day moving average of $550.48 and a 200-day moving average of $544.39. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The stock has a market cap of $58.50 billion, a price-to-earnings ratio of 39.62, a P/E/G ratio of 2.88 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, July 8th. Roper Technologies’s payout ratio is 21.77%.

Insider Activity

In other news, Director Christopher Wright sold 300 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the transaction, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Christopher Wright sold 300 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the sale, the director now directly owns 35,247 shares in the company, valued at $19,550,453.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 140 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,940 shares of company stock worth $2,214,019. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank of Canada lifted their target price on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Mizuho lifted their target price on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Finally, Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $607.50.

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.