Roper Technologies, Inc. $ROP Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System grew its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 31,706.7% in the second quarter, Holdings Channel reports. The institutional investor owned 56,111,830 shares of the industrial products company’s stock after purchasing an additional 55,935,415 shares during the period. California State Teachers Retirement System owned approximately 0.57% of Roper Technologies worth $18,987,682,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Triumph Capital Management acquired a new stake in shares of Roper Technologies during the 3rd quarter worth about $25,000. Private Wealth Management Group LLC lifted its stake in Roper Technologies by 195.8% during the first quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 47 shares during the last quarter. Tucker Asset Management LLC acquired a new position in Roper Technologies in the fourth quarter valued at approximately $33,000. Edmond DE Rothschild Holding S.A. purchased a new position in Roper Technologies in the second quarter valued at approximately $27,000. Finally, Kelleher Financial Advisors purchased a new position in Roper Technologies in the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of NASDAQ ROP opened at $407.28 on Tuesday. The stock has a market cap of $40.28 billion, a P/E ratio of 16.87, a P/E/G ratio of 2.04 and a beta of 0.75. Roper Technologies, Inc. has a twelve month low of $305.96 and a twelve month high of $530.00. The stock has a 50 day moving average of $386.04 and a two-hundred day moving average of $358.49. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 0.57.

Roper Technologies (NASDAQ:ROP) last announced its earnings results on Thursday, July 23rd. The industrial products company reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $0.09. The business had revenue of $2.11 billion for the quarter. Roper Technologies had a net margin of 30.24% and a return on equity of 11.36%. The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $4.87 earnings per share. Roper Technologies has set its FY 2026 guidance at 22.150-22.300 EPS and its Q3 2026 guidance at 5.750-5.800 EPS. On average, research analysts forecast that Roper Technologies, Inc. will post 22.22 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be paid a $0.91 dividend. The ex-dividend date is Friday, October 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 0.9%. Roper Technologies’s payout ratio is currently 15.08%.

Wall Street Analyst Weigh In

ROP has been the subject of several recent analyst reports. BMO Capital Markets began coverage on shares of Roper Technologies in a research report on Friday, July 10th. They set a “market perform” rating and a $393.00 price objective for the company. Mizuho set a $355.00 target price on shares of Roper Technologies in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of Roper Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 14th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $417.00 price target on shares of Roper Technologies in a research report on Tuesday, August 18th. Finally, JPMorgan Chase & Co. raised their price objective on Roper Technologies from $397.00 to $415.00 and gave the stock an “underweight” rating in a report on Wednesday, July 29th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $466.94.

Insider Activity

In related news, EVP John Stipancich sold 2,000 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $379.05, for a total transaction of $758,100.00. Following the completion of the sale, the executive vice president directly owned 35,634 shares of the company’s stock, valued at $13,507,067.70. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Wallman sold 6,434 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $361.00, for a total transaction of $2,322,674.00. Following the completion of the sale, the director owned 7,423 shares of the company’s stock, valued at $2,679,703. This trade represents a 46.43% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by corporate insiders.

Roper Technologies Company Profile

Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.

Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.