New Mexico Educational Retirement Board Decreases Stake in Roper Technologies Inc (ROP)

New Mexico Educational Retirement Board decreased its stake in Roper Technologies Inc (NYSE:ROP) by 8.7% during the second quarter, Holdings Channel reports. The fund owned 9,441 shares of the industrial products company’s stock after selling 900 shares during the period. New Mexico Educational Retirement Board’s holdings in Roper Technologies were worth $2,195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Roper Technologies by 4.8% in the first quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock valued at $2,168,593,000 after buying an additional 479,056 shares during the last quarter. BlackRock Inc. increased its position in Roper Technologies by 2,678.8% in the first quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock valued at $1,647,156,000 after buying an additional 7,689,856 shares during the last quarter. State Street Corp increased its position in Roper Technologies by 4.6% in the first quarter. State Street Corp now owns 4,625,791 shares of the industrial products company’s stock valued at $955,175,000 after buying an additional 203,844 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Roper Technologies by 25.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,442,293 shares of the industrial products company’s stock valued at $297,819,000 after buying an additional 291,418 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Roper Technologies by 30.4% in the first quarter. Alliancebernstein L.P. now owns 1,177,757 shares of the industrial products company’s stock valued at $243,195,000 after buying an additional 274,914 shares during the last quarter. Institutional investors own 96.93% of the company’s stock.

Shares of Roper Technologies Inc (NYSE ROP) opened at 229.16 on Friday. The company has a market cap of $23.42 billion, a P/E ratio of 34.31 and a beta of 1.04. The stock’s 50 day moving average price is $234.06 and its 200-day moving average price is $218.02. Roper Technologies Inc has a 12 month low of $167.50 and a 12 month high of $238.49.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.02. Roper Technologies had a return on equity of 11.83% and a net margin of 15.82%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business posted $1.56 earnings per share. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. Equities research analysts expect that Roper Technologies Inc will post $9.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a yield of 0.61%. Roper Technologies’s dividend payout ratio (DPR) is presently 20.96%.

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ROP has been the subject of several research reports. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 price target for the company in a research note on Monday, May 1st. Barclays PLC cut their target price on Roper Technologies from $223.00 to $221.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th. Royal Bank Of Canada restated a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research note on Wednesday, July 12th. Raymond James Financial, Inc. raised their target price on Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Finally, Canaccord Genuity restated a “hold” rating and issued a $225.00 target price on shares of Roper Technologies in a research note on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Roper Technologies presently has an average rating of “Buy” and an average target price of $238.42.

In other Roper Technologies news, Director Christopher Wright sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $228.70, for a total transaction of $411,660.00. Following the sale, the director now directly owns 66,104 shares in the company, valued at $15,117,984.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Wilbur J. Prezzano sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total value of $471,600.00. Following the sale, the director now owns 22,000 shares in the company, valued at $5,187,600. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

About Roper Technologies

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies Inc (NYSE:ROP).

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

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