Teacher Retirement System of Texas Sells 5,235 Shares of Roper Technologies, Inc. (NYSE:ROP)

Teacher Retirement System of Texas reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROPFree Report) by 12.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,324 shares of the industrial products company’s stock after selling 5,235 shares during the quarter. Teacher Retirement System of Texas’ holdings in Roper Technologies were worth $17,107,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ROP. Lord Abbett & CO. LLC grew its holdings in shares of Roper Technologies by 1.7% during the 1st quarter. Lord Abbett & CO. LLC now owns 27,664 shares of the industrial products company’s stock worth $13,064,000 after purchasing an additional 463 shares in the last quarter. Prudential PLC bought a new position in Roper Technologies in the first quarter valued at about $1,038,000. Cetera Investment Advisers raised its position in Roper Technologies by 0.8% in the first quarter. Cetera Investment Advisers now owns 3,916 shares of the industrial products company’s stock valued at $1,849,000 after purchasing an additional 30 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Roper Technologies in the first quarter valued at about $367,000. Finally, Candriam Luxembourg S.C.A. raised its position in Roper Technologies by 432.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 37,205 shares of the industrial products company’s stock valued at $17,569,000 after purchasing an additional 30,214 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Down 0.0 %

Shares of Roper Technologies stock opened at $537.19 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.49 and a current ratio of 0.53. Roper Technologies, Inc. has a 52 week low of $416.77 and a 52 week high of $551.91. The stock has a 50 day moving average price of $533.42 and a two-hundred day moving average price of $505.59. The stock has a market capitalization of $57.38 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01.

Roper Technologies (NYSE:ROPGet Free Report) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $4.32 EPS for the quarter, beating analysts’ consensus estimates of $4.21 by $0.11. Roper Technologies had a return on equity of 10.54% and a net margin of 48.77%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the firm posted $3.67 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 16.66 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be given a dividend of $0.75 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.68. The ex-dividend date is Monday, January 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. Roper Technologies’s payout ratio is presently 10.97%.

Insider Activity at Roper Technologies

In related news, Director Shellye L. Archambeau sold 479 shares of Roper Technologies stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $490.13, for a total transaction of $234,772.27. Following the transaction, the director now owns 8,317 shares of the company’s stock, valued at $4,076,411.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Roper Technologies news, Director Christopher Wright sold 250 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $525.93, for a total value of $131,482.50. Following the transaction, the director now owns 36,227 shares of the company’s stock, valued at $19,052,866.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Shellye L. Archambeau sold 479 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $490.13, for a total value of $234,772.27. Following the completion of the transaction, the director now directly owns 8,317 shares in the company, valued at approximately $4,076,411.21. The disclosure for this sale can be found here. Insiders have sold a total of 979 shares of company stock valued at $500,817 over the last 90 days. Insiders own 0.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ROP shares. StockNews.com assumed coverage on Roper Technologies in a research report on Thursday, October 5th. They issued a “hold” rating for the company. TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research report on Thursday, January 4th. TheStreet upgraded Roper Technologies from a “c+” rating to a “b-” rating in a research report on Friday, November 10th. Royal Bank of Canada raised their price objective on Roper Technologies from $570.00 to $620.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Finally, Truist Financial restated a “buy” rating and set a $575.00 price objective on shares of Roper Technologies in a research report on Friday, October 20th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $537.14.

View Our Latest Stock Analysis on Roper Technologies

Roper Technologies Profile

(Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.

Further Reading

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

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