Squarepoint Ops LLC Increases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Squarepoint Ops LLC lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 290.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,942 shares of the industrial products company's stock after buying an additional 73,594 shares during the period. Squarepoint Ops LLC owned about 0.09% of Roper Technologies worth $51,435,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ROP. Twinbeech Capital LP grew its position in shares of Roper Technologies by 218.0% in the 4th quarter. Twinbeech Capital LP now owns 109,941 shares of the industrial products company's stock worth $57,153,000 after buying an additional 75,367 shares during the last quarter. Texas Bank & Trust Co bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $364,000. Strategic Wealth Partners Ltd. grew its position in shares of Roper Technologies by 4.4% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 13,811 shares of the industrial products company's stock worth $7,919,000 after buying an additional 577 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Roper Technologies by 4.5% in the 4th quarter. Toronto Dominion Bank now owns 63,565 shares of the industrial products company's stock worth $33,043,000 after buying an additional 2,741 shares during the last quarter. Finally, Scientech Research LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $1,581,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Mizuho set a $600.00 price objective on Roper Technologies in a research report on Friday. JPMorgan Chase & Co. raised their target price on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday. William Blair assumed coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. Finally, Robert W. Baird raised their target price on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. One investment 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Stock Performance

Shares of ROP opened at $580.47 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The firm has a market capitalization of $62.41 billion, a P/E ratio of 40.48, a PEG ratio of 2.77 and a beta of 1.08. The business has a fifty day moving average of $565.52 and a 200 day moving average of $556.80.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same quarter last year, the firm earned $4.41 earnings per share. The firm's quarterly revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid 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 of this dividend was Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

Insider Transactions at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,540,925.18. This represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.78% of the company's stock.

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.

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