Teacher Retirement System of Texas Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Teacher Retirement System of Texas raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 52.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,858 shares of the industrial products company’s stock after buying an additional 3,393 shares during the period. Teacher Retirement System of Texas’ holdings in Roper Technologies were worth $5,125,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its position in Roper Technologies by 3.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company’s stock valued at $4,235,000 after acquiring an additional 269 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Roper Technologies by 15.7% in the third quarter. Advisors Asset Management Inc. now owns 4,036 shares of the industrial products company’s stock worth $2,246,000 after purchasing an additional 549 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in Roper Technologies in the 3rd quarter worth about $570,000. Cerity Partners LLC lifted its holdings in Roper Technologies by 6.8% during the 3rd quarter. Cerity Partners LLC now owns 59,092 shares of the industrial products company’s stock valued at $32,881,000 after buying an additional 3,781 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in Roper Technologies by 10.8% in the 3rd quarter. Kingsview Wealth Management LLC now owns 513 shares of the industrial products company’s stock valued at $285,000 after buying an additional 50 shares during the period. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ROP. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research note on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $623.60.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 over the last three months. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

ROP stock opened at $572.18 on Monday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The firm has a market cap of $61.44 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 2.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The firm has a 50-day simple moving average of $564.14 and a two-hundred day simple moving average of $552.65.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s payout ratio is 23.01%.

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.