Teachers Retirement System of The State of Kentucky Sells 433 Shares of Roper Technologies, Inc. (NYSE:ROP)

Teachers Retirement System of The State of Kentucky cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 8,720 shares of the industrial products company’s stock after selling 433 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Roper Technologies were worth $4,890,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Cetera Advisors LLC lifted its stake in Roper Technologies by 4.7% during the 1st quarter. Cetera Advisors LLC now owns 5,603 shares of the industrial products company’s stock valued at $3,142,000 after acquiring an additional 253 shares in the last quarter. Cetera Investment Advisers lifted its stake in Roper Technologies by 201.6% during the 1st quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company’s stock valued at $11,408,000 after acquiring an additional 13,597 shares in the last quarter. Second Line Capital LLC lifted its stake in Roper Technologies by 5.8% during the 1st quarter. Second Line Capital LLC now owns 3,975 shares of the industrial products company’s stock valued at $2,229,000 after acquiring an additional 217 shares in the last quarter. Atria Investments Inc increased its position in shares of Roper Technologies by 1.8% during the 1st quarter. Atria Investments Inc now owns 12,218 shares of the industrial products company’s stock valued at $6,853,000 after purchasing an additional 211 shares during the last quarter. Finally, Swedbank AB purchased a new stake in shares of Roper Technologies during the 1st quarter valued at $43,851,000. 93.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the transaction, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The disclosure for this sale can be found here. Insiders sold a total of 3,940 shares of company stock worth $2,214,019 in the last quarter. 0.87% of the stock is owned by company insiders.

Roper Technologies Price Performance

NYSE ROP traded down $8.37 during trading hours on Friday, hitting $536.03. The company had a trading volume of 739,991 shares, compared to its average volume of 565,861. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The firm has a 50 day simple moving average of $553.54 and a 200 day simple moving average of $545.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The firm has a market capitalization of $57.38 billion, a price-to-earnings ratio of 38.90, a PEG ratio of 2.85 and a beta of 1.02.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were paid a $0.75 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 annualized dividend and a yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 21.77%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ROP. Barclays raised their target price on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Mizuho raised their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Oppenheimer decreased their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $604.33.

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.