Occudo Quantitative Strategies LP Makes New $1.89 Million Investment in Roper Technologies, Inc. (NYSE:ROP)

Occudo Quantitative Strategies LP purchased a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,634 shares of the industrial products company's stock, valued at approximately $1,889,000.

A number of other institutional investors also recently modified their holdings of ROP. Vanguard Group Inc. boosted its position in Roper Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock valued at $5,497,467,000 after acquiring an additional 72,503 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Roper Technologies by 42.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after purchasing an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC grew its stake in Roper Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock worth $1,284,242,000 after purchasing an additional 29,184 shares during the period. Norges Bank bought a new stake in Roper Technologies in the fourth quarter worth approximately $914,052,000. Finally, Invesco Ltd. lifted its stake in Roper Technologies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after buying an additional 31,531 shares during the period. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Up 1.5%

Shares of NYSE:ROP traded up $8.48 during mid-day trading on Friday, hitting $582.88. 611,447 shares of the company traded hands, compared to its average volume of 551,083. The stock has a 50-day moving average price of $564.89 and a two-hundred day moving average price of $556.10. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The stock has a market cap of $62.67 billion, a P/E ratio of 40.65, a P/E/G ratio of 2.77 and a beta of 1.08. The company has a current ratio of 0.40, a quick ratio of 0.37 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 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%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.41 EPS. On average, equities research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 $18,540,925.18. This trade represents a 8.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.78% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ROP. Oppenheimer reaffirmed an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and raised their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Royal Bank of Canada upped their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Stifel Nicolaus cut their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and a consensus target price of $629.18.

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.