Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 13.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,175 shares of the industrial products company's stock after buying an additional 1,221 shares during the quarter. Quantinno Capital Management LP's holdings in Roper Technologies were worth $5,662,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in Roper Technologies during the 3rd quarter valued at about $193,000. Royal London Asset Management Ltd. raised its stake in shares of Roper Technologies by 1.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 109,101 shares of the industrial products company's stock worth $60,708,000 after acquiring an additional 1,233 shares in the last quarter. Port Capital LLC raised its stake in shares of Roper Technologies by 1.8% during the 3rd quarter. Port Capital LLC now owns 73,013 shares of the industrial products company's stock worth $40,627,000 after acquiring an additional 1,279 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in shares of Roper Technologies by 3.7% during the 3rd quarter. Motley Fool Asset Management LLC now owns 4,313 shares of the industrial products company's stock worth $2,365,000 after acquiring an additional 154 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of Roper Technologies by 34.6% during the 3rd quarter. IHT Wealth Management LLC now owns 533 shares of the industrial products company's stock worth $295,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ROP shares. Barclays reiterated an "underweight" rating and set a $569.00 price objective (down previously from $625.00) on shares of Roper Technologies in a research note on Thursday. Mizuho boosted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group boosted their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $615.20.

Roper Technologies Stock Performance

NYSE ROP traded down $6.70 during mid-day trading on Friday, reaching $551.20. 544,767 shares of the stock were exchanged, compared to its average volume of 444,706. The business's 50 day moving average is $554.30 and its 200-day moving average is $551.50. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $580.09. The company has a market capitalization of $59.10 billion, a P/E ratio of 40.32, a P/E/G ratio of 3.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

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

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, January 3rd. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. Roper Technologies's payout ratio is 24.14%.

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.