New York State Teachers Retirement System Reduces Holdings in Roper Technologies, Inc. (NYSE:ROP)

New York State Teachers Retirement System decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 81,640 shares of the industrial products company's stock after selling 1,401 shares during the period. New York State Teachers Retirement System owned 0.08% of Roper Technologies worth $48,133,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. VSM Wealth Advisory LLC acquired a new position in Roper Technologies during the 4th quarter worth $26,000. Alpine Bank Wealth Management acquired a new stake in Roper Technologies during the 1st quarter worth $34,000. Putney Financial Group LLC acquired a new position in Roper Technologies in the fourth quarter valued at about $31,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies in the 4th quarter valued at approximately $36,000. Finally, Parvin Asset Management LLC bought a new position in Roper Technologies during the 4th quarter worth about $39,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Roper Technologies stock traded down $6.63 during mid-day trading on Wednesday, reaching $566.08. 460,629 shares of the stock traded hands, compared to its average volume of 549,596. The business's 50-day moving average is $567.50 and its 200-day moving average is $558.89. The stock has a market capitalization of $60.86 billion, a PE ratio of 39.48, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same quarter in the previous year, the business posted $4.41 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio is currently 23.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ROP shares. Barclays reissued an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank Of Canada boosted their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Raymond James Financial reissued a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Finally, Oppenheimer reissued an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $632.36.

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.