Roper Technologies, Inc. (NYSE:ROP) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,142 shares of the industrial products company’s stock after selling 1,549 shares during the quarter. California State Teachers Retirement System’s holdings in Roper Technologies were worth $64,427,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ronald Blue Trust Inc. acquired a new stake in Roper Technologies in the 2nd quarter valued at about $27,000. MV Capital Management Inc. lifted its stake in Roper Technologies by 236.7% during the third quarter. MV Capital Management Inc. now owns 101 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 71 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new stake in Roper Technologies during the third quarter worth approximately $39,000. Guardian Wealth Advisors LLC bought a new position in shares of Roper Technologies in the third quarter valued at $42,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Roper Technologies by 142.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP opened at $428.42 on Friday. The company’s 50 day moving average price is $432.31 and its 200 day moving average price is $416.14. The company has a market capitalization of $45.52 billion, a PE ratio of 10.06, a PEG ratio of 2.50 and a beta of 1.03. Roper Technologies, Inc. has a 52 week low of $356.21 and a 52 week high of $488.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.67.

Roper Technologies (NYSE:ROP – Get Rating) last announced its quarterly earnings data on Friday, January 27th. The industrial products company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. Roper Technologies had a return on equity of 11.43% and a net margin of 80.89%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned $3.73 earnings per share. Roper Technologies’s quarterly revenue was up 13.8% compared to the same quarter last year. Research analysts expect that Roper Technologies, Inc. will post 16.07 EPS for the current fiscal year.

Insider Activity

In related news, Director Christopher Wright sold 471 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $429.55, for a total transaction of $202,318.05. Following the transaction, the director now owns 38,127 shares of the company’s stock, valued at $16,377,452.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Roper Technologies news, CEO Laurence Neil Hunn sold 5,000 shares of the stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $443.57, for a total transaction of $2,217,850.00. Following the transaction, the chief executive officer now directly owns 112,048 shares of the company’s stock, valued at $49,701,131.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher Wright sold 471 shares of the business’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $429.55, for a total value of $202,318.05. Following the completion of the sale, the director now directly owns 38,127 shares of the company’s stock, valued at approximately $16,377,452.85. The disclosure for this sale can be found here. 0.88% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ROP. Barclays lifted their target price on Roper Technologies from $510.00 to $518.00 and gave the stock an “overweight” rating in a report on Monday, January 30th. StockNews.com assumed coverage on Roper Technologies in a report on Thursday. They set a “hold” rating on the stock. Royal Bank of Canada raised their target price on shares of Roper Technologies from $504.00 to $505.00 and gave the stock an “outperform” rating in a report on Monday, January 30th. Wolfe Research upgraded shares of Roper Technologies from a “peer perform” rating to an “outperform” rating and set a $480.00 price target on the stock in a report on Thursday, February 23rd. Finally, The Goldman Sachs Group raised their price objective on shares of Roper Technologies from $423.00 to $468.00 and gave the stock a “neutral” rating in a research note on Thursday, December 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $495.67.

About Roper Technologies

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Roper Technologies, Inc is a diversified technology company, which engages in the provision of engineered products and solutions for global niche markets. It operates through the following segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment includes Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, and Vertafore.