Teacher Retirement System of Texas Buys 30,178 Shares of Roper Technologies, Inc. (NYSE:ROP)

Teacher Retirement System of Texas boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 306.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,036 shares of the industrial products company's stock after purchasing an additional 30,178 shares during the quarter. Teacher Retirement System of Texas' holdings in Roper Technologies were worth $23,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Roper Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock valued at $5,497,467,000 after purchasing an additional 72,503 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Roper Technologies by 42.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after purchasing an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC boosted its position in Roper Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after purchasing an additional 29,184 shares in the last quarter. Norges Bank bought a new stake in Roper Technologies during the fourth quarter valued at about $914,052,000. Finally, Invesco Ltd. boosted its position in Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after purchasing an additional 31,531 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Up 1.2%

Shares of NYSE:ROP opened at $572.85 on Friday. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The stock has a market cap of $61.59 billion, a price-to-earnings ratio of 39.95, a PEG ratio of 2.77 and a beta of 1.02. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $568.37 and a 200-day moving average price of $559.40.

Roper Technologies (NYSE:ROP - Get Free Report) last announced 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 period in the previous year, the business earned $4.41 earnings per share. The business's revenue for the quarter was up 12.0% on a year-over-year basis. Equities analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have commented on ROP. William Blair began coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. JPMorgan Chase & Co. increased their price target on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Oppenheimer reiterated an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Royal Bank Of Canada increased their price target on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies 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.

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