New Mexico Educational Retirement Board Sells 200 Shares of Roper Technologies Inc (NYSE:ROP)

New Mexico Educational Retirement Board trimmed its position in shares of Roper Technologies Inc (NYSE:ROP) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,441 shares of the industrial products company’s stock after selling 200 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Roper Technologies were worth $3,092,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Teacher Retirement System of Texas bought a new stake in shares of Roper Technologies in the 2nd quarter worth approximately $7,100,000. PFG Advisors boosted its position in shares of Roper Technologies by 0.4% in the 2nd quarter. PFG Advisors now owns 8,872 shares of the industrial products company’s stock worth $3,249,000 after purchasing an additional 35 shares in the last quarter. National Asset Management Inc. boosted its position in shares of Roper Technologies by 8.3% in the 2nd quarter. National Asset Management Inc. now owns 876 shares of the industrial products company’s stock worth $322,000 after purchasing an additional 67 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Roper Technologies by 13.9% in the 2nd quarter. Parallel Advisors LLC now owns 657 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 80 shares in the last quarter. Finally, Arabesque Asset Management Ltd bought a new stake in shares of Roper Technologies in the 2nd quarter worth approximately $2,894,000. 93.36% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on ROP shares. Argus boosted their price objective on shares of Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Raymond James boosted their price objective on shares of Roper Technologies from $370.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Royal Bank of Canada set a $393.00 price objective on shares of Roper Technologies and gave the stock a “buy” rating in a report on Friday, July 26th. Barclays boosted their price objective on shares of Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 9th. Finally, Stephens boosted their price objective on shares of Roper Technologies from $390.00 to $402.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $374.10.

NYSE ROP traded down $4.45 during mid-day trading on Thursday, reaching $355.35. The stock had a trading volume of 8,905 shares, compared to its average volume of 528,719. The stock has a market cap of $37.69 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 2.53 and a beta of 1.16. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.11 and a quick ratio of 0.97. The company has a fifty day moving average price of $366.60 and a 200 day moving average price of $347.60. Roper Technologies Inc has a 1 year low of $245.59 and a 1 year high of $385.51.

Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.89 EPS. As a group, equities research analysts expect that Roper Technologies Inc will post 13 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Monday, July 8th were paid a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $1.85 dividend on an annualized basis and a yield of 0.52%. Roper Technologies’s dividend payout ratio is presently 15.66%.

In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 2,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $363.44, for a total transaction of $726,880.00. Following the completion of the sale, the director now directly owns 12,918 shares in the company, valued at approximately $4,694,917.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert D. Johnson sold 750 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $344.76, for a total transaction of $258,570.00. Following the sale, the director now owns 7,700 shares of the company’s stock, valued at $2,654,652. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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