Quantbot Technologies LP Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

Quantbot Technologies LP purchased a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 3,206 shares of the industrial products company's stock, valued at approximately $1,784,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC boosted its position in shares of Roper Technologies by 764.2% during the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company's stock worth $652,000 after purchasing an additional 1,024 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Roper Technologies by 1.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company's stock worth $136,455,000 after acquiring an additional 2,399 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Roper Technologies by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company's stock valued at $19,282,000 after acquiring an additional 1,789 shares during the period. Citigroup Inc. increased its holdings in shares of Roper Technologies by 17.6% in the third quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company's stock worth $106,050,000 after acquiring an additional 28,555 shares in the last quarter. Finally, PGGM Investments raised its position in shares of Roper Technologies by 739.4% during the second quarter. PGGM Investments now owns 72,596 shares of the industrial products company's stock worth $40,919,000 after purchasing an additional 63,947 shares during the period. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Up 0.4 %

ROP traded up $2.09 on Friday, hitting $566.44. 365,747 shares of the company were exchanged, compared to its average volume of 492,891. The stock's fifty day moving average is $553.18 and its 200-day moving average is $550.66. Roper Technologies, Inc. has a 12 month low of $508.22 and a 12 month high of $579.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The company has a market cap of $60.74 billion, a PE ratio of 41.44, a PEG ratio of 2.95 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same quarter in the prior year, the business posted $4.32 EPS. The business's revenue was up 11.7% compared to the same quarter last year. Equities research analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio (DPR) is 24.14%.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by company insiders.

Analyst Ratings Changes

ROP has been the subject of a number of research reports. Jefferies Financial Group increased their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Truist Financial reiterated a "buy" rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Mizuho upped their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Finally, Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and an average target price of $620.80.

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.