California State Teachers Retirement System Has $94.11 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

California State Teachers Retirement System raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,039 shares of the industrial products company’s stock after buying an additional 670 shares during the period. California State Teachers Retirement System owned 0.17% of Roper Technologies worth $94,113,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Manchester Capital Management LLC raised its position in Roper Technologies by 1.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 18 shares during the last quarter. Oxford Financial Group LTD. LLC boosted its position in Roper Technologies by 3.1% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock worth $309,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC grew its holdings in Roper Technologies by 1.0% during the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 20 shares during the last quarter. Principal Securities Inc. increased its position in Roper Technologies by 0.5% in the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock valued at $2,231,000 after acquiring an additional 20 shares during the period. Finally, Exchange Capital Management Inc. raised its stake in shares of Roper Technologies by 0.7% during the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock valued at $1,426,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a research report on Monday. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer reissued an “outperform” rating and set a $640.00 target price on shares of Roper Technologies in a research report on Monday. Raymond James reiterated a “strong-buy” rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Roper Technologies from $558.00 to $465.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $620.73.

Insider Buying and Selling

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by company insiders.

Roper Technologies Stock Down 1.0 %

Roper Technologies stock opened at $551.95 on Tuesday. The firm has a market capitalization of $59.27 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The firm’s fifty day moving average price is $568.40 and its two-hundred day moving average price is $554.64. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period in the prior year, the firm earned $4.41 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. Roper Technologies’s payout ratio is presently 23.01%.

Roper Technologies 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.