Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 536 Shares of Roper Technologies, Inc. (NYSE:ROP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,800 shares of the industrial products company’s stock after selling 536 shares during the period. 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 large investors have also modified their holdings of the company. Manchester Capital Management LLC boosted its holdings in shares of Roper Technologies by 1.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock worth $592,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC increased its position in shares of Roper Technologies by 1.0% during the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after purchasing an additional 20 shares in the last quarter. Principal Securities Inc. increased its position in shares of Roper Technologies by 0.5% during the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock worth $2,231,000 after purchasing an additional 20 shares in the last quarter. Exchange Capital Management Inc. increased its position in shares of Roper Technologies by 0.7% during the 4th quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock worth $1,426,000 after purchasing an additional 20 shares in the last quarter. Finally, PFG Investments LLC increased its position in shares of Roper Technologies by 1.1% during the 4th quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company’s stock worth $1,011,000 after purchasing an additional 21 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ROP has been the subject of a number of recent analyst reports. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer increased their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Barclays lowered their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Stock Down 0.6 %

Shares of NYSE ROP opened at $572.18 on Friday. The firm has a market capitalization of $61.44 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm’s 50-day moving average is $564.14 and its 200-day moving average is $552.68.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

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.