New York State Teachers Retirement System Sells 5,313 Shares of Roper Technologies, Inc. (NYSE:ROP)

New York State Teachers Retirement System lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 83,041 shares of the industrial products company’s stock after selling 5,313 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Roper Technologies worth $43,169,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in shares of Roper Technologies by 22.6% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 3,352 shares of the industrial products company’s stock valued at $1,865,000 after buying an additional 617 shares during the period. Good Life Advisors LLC increased its stake in shares of Roper Technologies by 13.1% during the third quarter. Good Life Advisors LLC now owns 3,511 shares of the industrial products company’s stock valued at $1,954,000 after buying an additional 407 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Roper Technologies by 2.3% during the third quarter. Bleakley Financial Group LLC now owns 2,314 shares of the industrial products company’s stock valued at $1,288,000 after buying an additional 51 shares during the period. Drake & Associates LLC purchased a new position in shares of Roper Technologies during the third quarter valued at approximately $267,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Roper Technologies by 3.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,160 shares of the industrial products company’s stock valued at $7,323,000 after buying an additional 383 shares during the period. Institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ROP shares. Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Robert W. Baird boosted their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Oppenheimer upped their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies Trading Up 0.0 %

Roper Technologies stock opened at $573.58 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $538.01 and its two-hundred day simple moving average is $545.95. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $584.43. The company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.

Insiders Place Their Bets

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was 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 of the company’s stock, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on 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 directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,101 shares of company stock valued at $2,947,475. 0.87% of the stock is currently owned by corporate insiders.

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.