Roper Technologies, Inc. (NYSE:ROP) Stake Raised by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp increased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,082 shares of the industrial products company’s stock after acquiring an additional 26 shares during the period. Texas Permanent School Fund Corp’s holdings in Roper Technologies were worth $12,384,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. LGT Group Foundation lifted its stake in Roper Technologies by 4.9% in the 4th quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company’s stock worth $21,288,000 after acquiring an additional 1,804 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Roper Technologies by 236.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock worth $4,493,000 after purchasing an additional 5,789 shares during the last quarter. Schwartz Investment Counsel Inc. increased its position in Roper Technologies by 3.2% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock worth $61,441,000 after purchasing an additional 3,500 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Roper Technologies by 229.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after purchasing an additional 3,660 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in Roper Technologies by 497.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after purchasing an additional 7,768 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the firm’s 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 sale, 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 document filed with the SEC, which is available at the SEC website. In related news, Director Christopher Wright sold 300 shares of the firm’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 sale, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ROP shares. Oppenheimer reaffirmed an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a research report on Monday, April 29th. Royal Bank of Canada lowered their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Mizuho increased their price objective on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Finally, Barclays increased their price objective on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $587.09.

Roper Technologies Stock Up 0.4 %

NYSE ROP traded up $2.34 during trading hours on Friday, hitting $558.27. 14,145 shares of the company traded hands, compared to its average volume of 507,496. The business’s 50-day moving average is $545.89 and its 200-day moving average is $543.64. Roper Technologies, Inc. has a twelve month low of $472.18 and a twelve month high of $569.49. 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 stock has a market capitalization of $59.76 billion, a price-to-earnings ratio of 40.34, a P/E/G ratio of 2.90 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data 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 firm had revenue of $1.68 billion for 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%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.90 earnings per share. Sell-side analysts anticipate that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Dividend Announcement

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 paid a dividend of $0.75 per share. The ex-dividend date is Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is presently 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.