Texas Permanent School Fund Corp Grows Holdings in Roper Technologies, Inc. (NYSE:ROP)

Texas Permanent School Fund Corp boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.1% in the 1st quarter, Holdings Channel reports. The firm owned 22,082 shares of the industrial products company’s stock after purchasing an additional 26 shares during the period. Texas Permanent School Fund Corp’s holdings in Roper Technologies were worth $12,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in Roper Technologies during the 1st quarter worth $27,000. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the 1st quarter worth $29,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Roper Technologies during the 4th quarter worth $31,000. Independence Bank of Kentucky acquired a new position in shares of Roper Technologies during the 4th quarter worth $31,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, CFO Jason Conley sold 3,500 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the transaction, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the transaction, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the transaction, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 0.4 %

Shares of Roper Technologies stock traded up $2.34 during mid-day trading on Friday, hitting $558.27. 14,145 shares of the stock were exchanged, compared to its average volume of 507,496. Roper Technologies, Inc. has a twelve month low of $472.18 and a twelve month high of $569.49. The stock has a market capitalization of $59.76 billion, a price-to-earnings ratio of 40.34, a price-to-earnings-growth ratio of 2.90 and a beta of 1.02. The company has a 50-day simple moving average of $545.89 and a 200 day simple moving average of $543.64. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.90 EPS. Research analysts forecast that Roper Technologies, Inc. will post 18.17 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. Roper Technologies’s payout ratio is currently 21.77%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday. Oppenheimer reaffirmed an “outperform” rating and set a $650.00 price target on shares of Roper Technologies in a research note on Monday, April 29th. Mizuho upped their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Finally, Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus target price of $587.09.

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.