Occudo Quantitative Strategies LP Purchases New Position in Roper Technologies, Inc. (NYSE:ROP)

Occudo Quantitative Strategies LP purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,634 shares of the industrial products company’s stock, valued at approximately $1,889,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manchester Capital Management LLC grew its holdings in Roper Technologies by 1.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 18 shares during the last quarter. Oxford Financial Group LTD. LLC grew its holdings in Roper Technologies by 3.1% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 18 shares during the last quarter. Meridian Financial Partners LLC grew its holdings in Roper Technologies by 1.0% during the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 20 shares during the last quarter. Principal Securities Inc. grew its holdings in Roper Technologies by 0.5% during the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock worth $2,231,000 after acquiring an additional 20 shares during the last quarter. Finally, Exchange Capital Management Inc. boosted its stake in shares of Roper Technologies by 0.7% in the 4th quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock valued at $1,426,000 after purchasing an additional 20 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Performance

Shares of ROP stock opened at $575.84 on Tuesday. The firm has a 50-day moving average of $565.61 and a 200-day moving average of $555.68. The company has a market cap of $61.91 billion, a P/E ratio of 40.16, a P/E/G ratio of 2.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17.

Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.41 earnings per share. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.81%.

Analyst Ratings Changes

ROP has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. Oppenheimer reissued an “outperform” rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Royal Bank of Canada increased their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 29th. Truist Financial reissued a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $465.00 to $470.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $620.91.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction dated 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 approximately $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.78% of the stock is currently owned by corporate insiders.

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.