Squarepoint Ops LLC Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Squarepoint Ops LLC increased its position in Roper Technologies, Inc. (NYSE:ROP) by 290.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 98,942 shares of the industrial products company’s stock after purchasing an additional 73,594 shares during the period. Squarepoint Ops LLC’s holdings in Roper Technologies were worth $51,435,000 at the end of the most recent reporting period.

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

Roper Technologies Trading Down 0.4%

Shares of NYSE:ROP opened at $580.47 on Tuesday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The business’s fifty day simple moving average is $565.52 and its 200-day simple moving average is $556.80. The company has a market capitalization of $62.41 billion, a PE ratio of 40.48, 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) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm posted $4.41 EPS. Roper Technologies’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders 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 0.57%. Roper Technologies’s dividend payout ratio is presently 23.81%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ROP shares. Royal Bank of Canada raised their price target on Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 29th. Raymond James reissued a “strong-buy” rating and set a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Barclays reissued an “underweight” rating on shares of Roper Technologies in a research note on Monday, April 28th. Robert W. Baird raised their price objective on Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Finally, Mizuho set a $600.00 price objective on Roper Technologies in a report on Friday. One 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 presently has a consensus rating of “Moderate Buy” and an average target price of $632.36.

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on 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 transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.78% of the company’s stock.

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.