Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stake in Roper Technologies, Inc. (NYSE:ROP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,800 shares of the industrial products company's stock after selling 536 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Roper Technologies were worth $11,853,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. VSM Wealth Advisory LLC bought a new position in Roper Technologies during the 4th quarter valued at $26,000. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies in the fourth quarter valued at about $38,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Roper Technologies during the fourth quarter worth about $45,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Roper Technologies in the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insiders Place Their Bets

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now owns 20,187 shares of the company's stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 in the last quarter. 0.87% of the stock is owned by company insiders.

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Roper Technologies Stock Performance

ROP stock traded up $3.64 during midday trading on Wednesday, reaching $582.71. 336,466 shares of the company's stock traded hands, compared to its average volume of 498,746. The firm has a market capitalization of $62.57 billion, a PE ratio of 40.64, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a 50-day moving average price of $566.88 and a two-hundred day moving average price of $553.02. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Truist Financial restated a "buy" rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Raymond James restated a "strong-buy" rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer increased their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and lifted their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $623.60.

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.