Worldquant Millennium Advisors LLC Makes New $17.49 Million Investment in Roper Technologies, Inc. (NYSE:ROP)

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

Other institutional investors have also recently modified their holdings of the company. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies in the fourth quarter valued at $26,000. CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies in the 4th quarter valued at about $36,000. OFI Invest Asset Management acquired a new position in Roper Technologies during the fourth quarter worth about $38,000. Parvin Asset Management LLC acquired a new position in Roper Technologies during the fourth quarter worth about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Roper Technologies by 7,500.0% during 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 buying an additional 75 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction 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 approximately $18,540,925.18. The trade was a 8.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.87% of the company's stock.

Roper Technologies Trading Down 0.4%

Shares of ROP stock traded down $2.04 during mid-day trading on Friday, hitting $567.03. 375,125 shares of the company's stock were exchanged, compared to its average volume of 547,723. The stock has a 50-day simple moving average of $565.57 and a two-hundred day simple moving average of $557.42. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock has a market cap of $60.96 billion, a price-to-earnings ratio of 39.54, 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 (NYSE:ROP - Get Free Report) last posted its quarterly earnings data 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%. During the same quarter in the prior year, the company posted $4.41 earnings per share. The business's quarterly revenue was up 12.0% on a year-over-year basis. Equities analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

Analyst Ratings Changes

Several equities research analysts have recently commented on ROP shares. Robert W. Baird boosted their price target on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. William Blair initiated coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. Barclays restated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Raymond James reissued a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Finally, TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $632.36.

About Roper Technologies

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.