California State Teachers Retirement System Sells 10,595 Shares of Roper Technologies, Inc. $ROP

California State Teachers Retirement System lowered its stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 6.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,820 shares of the industrial products company's stock after selling 10,595 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Roper Technologies worth $56,111,830 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROP. Benjamin Edwards Inc. increased its holdings in shares of Roper Technologies by 13.9% in the second quarter. Benjamin Edwards Inc. now owns 2,174 shares of the industrial products company's stock worth $736,000 after buying an additional 265 shares during the period. GTS Securities LLC raised its stake in shares of Roper Technologies by 41.9% during the 2nd quarter. GTS Securities LLC now owns 1,237 shares of the industrial products company's stock worth $419,000 after acquiring an additional 365 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Roper Technologies in the second quarter valued at approximately $68,276,000. Greenleaf Trust boosted its position in Roper Technologies by 3.4% during the second quarter. Greenleaf Trust now owns 41,019 shares of the industrial products company's stock worth $13,880,000 after acquiring an additional 1,338 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Roper Technologies by 6.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,367,260 shares of the industrial products company's stock valued at $462,667,000 after acquiring an additional 78,713 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Down 2.1%

NASDAQ ROP traded down $8.18 during trading hours on Tuesday, hitting $386.43. The company's stock had a trading volume of 399,790 shares, compared to its average volume of 1,241,487. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average of $389.48 and a 200 day moving average of $360.53. Roper Technologies, Inc. has a twelve month low of $305.96 and a twelve month high of $521.28. The firm has a market capitalization of $38.22 billion, a P/E ratio of 16.03, a PEG ratio of 1.94 and a beta of 0.75.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its earnings results on Thursday, July 23rd. The industrial products company reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.09. The business had revenue of $2.11 billion during the quarter. Roper Technologies had a return on equity of 11.36% and a net margin of 30.24%.The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.87 earnings per share. Roper Technologies has set its FY 2026 guidance at 22.150-22.300 EPS and its Q3 2026 guidance at 5.750-5.800 EPS. Equities research analysts forecast that Roper Technologies, Inc. will post 22.22 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be given a $0.91 dividend. The ex-dividend date is Friday, October 2nd. This represents a $3.64 annualized dividend and a dividend yield of 0.9%. Roper Technologies's dividend payout ratio (DPR) is presently 15.08%.

Analyst Upgrades and Downgrades

ROP has been the subject of several analyst reports. Argus raised shares of Roper Technologies from a "hold" rating to a "buy" rating and set a $450.00 target price for the company in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $397.00 to $415.00 and gave the company an "underweight" rating in a research note on Wednesday, July 29th. Robert W. Baird set a $480.00 target price on shares of Roper Technologies in a research note on Friday, July 24th. Piper Sandler decreased their target price on Roper Technologies from $540.00 to $526.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Roper Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $466.94.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 6,434 shares of the company's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $361.00, for a total value of $2,322,674.00. Following the sale, the director owned 7,423 shares in the company, valued at $2,679,703. This represents a 46.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John K. Stipancich sold 2,000 shares of Roper Technologies stock in a transaction on Monday, July 27th. The shares were sold at an average price of $379.05, for a total transaction of $758,100.00. Following the completion of the sale, the executive vice president owned 35,634 shares of the company's stock, valued at $13,507,067.70. This represents a 5.31% decrease in their position. The SEC filing for this sale provides additional information. 0.80% of the stock is owned by insiders.

About Roper Technologies

Roper Technologies, Inc NASDAQ: ROP is a diversified technology company that develops and operates specialized businesses serving niche markets. Its portfolio primarily consists of software and technology-enabled businesses that provide products and services to commercial, government, healthcare, education, and other professional customers.

The company's activities include vertical-market software, network and data-management software, and technology-enabled products. Its software businesses support functions such as healthcare operations, education administration, construction and engineering, legal and professional services, and enterprise workflow management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.