33,642 Shares in Roper Technologies, Inc. (NYSE:ROP) Purchased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 33,642 shares of the industrial products company’s stock, valued at approximately $17,489,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Plato Investment Management Ltd increased its position in Roper Technologies by 41.4% during the fourth quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company’s stock worth $2,106,000 after purchasing an additional 1,182 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Roper Technologies by 20.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company’s stock worth $25,656,000 after purchasing an additional 8,415 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Roper Technologies by 19.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,298 shares of the industrial products company’s stock valued at $3,274,000 after acquiring an additional 1,021 shares during the last quarter. Eos Management L.P. increased its position in shares of Roper Technologies by 124.9% during the fourth quarter. Eos Management L.P. now owns 8,324 shares of the industrial products company’s stock valued at $4,327,000 after acquiring an additional 4,623 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Roper Technologies by 5.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 107,146 shares of the industrial products company’s stock valued at $55,700,000 after acquiring an additional 5,642 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Down 0.4%

Shares of ROP stock opened at $578.21 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a market capitalization of $62.17 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The company has a 50 day moving average price of $565.82 and a 200 day moving average price of $556.95. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period in the prior year, the company earned $4.41 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. Equities research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. Roper Technologies’s dividend payout ratio is presently 23.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ROP shares. William Blair started coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an “outperform” rating for the company. Robert W. Baird lifted their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. Royal Bank of Canada lifted their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, Mizuho set a $600.00 price target on shares of Roper Technologies in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $632.36.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.87% of the company’s stock.

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.