New York State Teachers Retirement System Sells 5,313 Shares of Roper Technologies, Inc. (NYSE:ROP)

New York State Teachers Retirement System cut its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 83,041 shares of the industrial products company's stock after selling 5,313 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Roper Technologies worth $43,169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Klingenstein Fields & Co. LP lifted its holdings in Roper Technologies by 0.4% during the 4th quarter. Klingenstein Fields & Co. LP now owns 39,351 shares of the industrial products company's stock valued at $20,457,000 after purchasing an additional 144 shares during the last quarter. Littlejohn Financial Services Inc. acquired a new position in Roper Technologies during the 4th quarter worth approximately $1,772,000. Vontobel Holding Ltd. increased its stake in shares of Roper Technologies by 10.4% in the fourth quarter. Vontobel Holding Ltd. now owns 127,522 shares of the industrial products company's stock valued at $66,292,000 after buying an additional 12,015 shares during the period. Catalyst Financial Partners LLC increased its stake in shares of Roper Technologies by 6.8% in the fourth quarter. Catalyst Financial Partners LLC now owns 578 shares of the industrial products company's stock valued at $300,000 after buying an additional 37 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in Roper Technologies by 2.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 49,098 shares of the industrial products company's stock worth $25,723,000 after acquiring an additional 1,067 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,101 shares of company stock valued at $2,947,475. Company insiders own 0.87% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Truist Financial restated a "buy" rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays lowered their target price on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada lowered their price target on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $622.30.

Roper Technologies Trading Up 0.8 %

Shares of Roper Technologies stock traded up $4.51 during trading on Wednesday, reaching $577.04. 477,980 shares of the stock were exchanged, compared to its average volume of 658,706. The stock's fifty day moving average is $539.42 and its 200 day moving average is $546.62. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $584.43. The firm has a market cap of $61.88 billion, a price-to-earnings ratio of 40.24, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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.