Worldquant Millennium Advisors LLC Purchases Shares of 33,642 Roper Technologies, Inc. (NYSE:ROP)

Worldquant Millennium Advisors LLC purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 33,642 shares of the industrial products company’s stock, valued at approximately $17,489,000.

A number of other hedge funds have also bought and sold shares of the stock. VSM Wealth Advisory LLC acquired a new stake in shares of Roper Technologies in the fourth quarter worth $26,000. CoreFirst Bank & Trust acquired a new stake in shares of Roper Technologies in the fourth quarter worth $36,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the fourth quarter worth $38,000. Parvin Asset Management LLC acquired a new stake in shares of Roper Technologies in the fourth quarter worth $39,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated 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 directly owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ROP. Stifel Nicolaus lowered their price target on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Mizuho set a $600.00 price target on shares of Roper Technologies in a report on Friday. Raymond James reissued a “strong-buy” rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank of Canada increased their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Finally, Truist Financial reissued a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $632.36.

Roper Technologies Stock Performance

ROP opened at $578.21 on Wednesday. The firm’s fifty day simple moving average is $565.82 and its two-hundred day simple moving average is $556.95. The company has a market cap of $62.17 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.77 and a beta of 1.08. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating 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%. Roper Technologies’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.41 earnings per share. Equities analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 23.81%.

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.