V Square Quantitative Management LLC Has $496,000 Position in Roper Technologies, Inc. (NYSE:ROP)

V Square Quantitative Management LLC boosted its stake in Roper Technologies, Inc. (NYSE:ROP) by 4.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 891 shares of the industrial products company’s stock after acquiring an additional 38 shares during the period. V Square Quantitative Management LLC’s holdings in Roper Technologies were worth $496,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after acquiring an additional 125,387 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Roper Technologies by 4.0% in the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock valued at $1,512,813,000 after acquiring an additional 102,199 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Roper Technologies by 3.1% in the second quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock valued at $630,749,000 after acquiring an additional 33,544 shares during the last quarter. Legal & General Group Plc boosted its holdings in Roper Technologies by 7.6% in the second quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock valued at $515,467,000 after acquiring an additional 64,565 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Roper Technologies by 4.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 805,757 shares of the industrial products company’s stock valued at $451,901,000 after acquiring an additional 33,780 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by insiders.

Roper Technologies Trading Down 1.1 %

Shares of ROP opened at $557.62 on Friday. The business has a 50-day moving average of $549.91 and a 200 day moving average of $545.27. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The firm has a market cap of $59.69 billion, a P/E ratio of 40.47, a price-to-earnings-growth ratio of 2.90 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. As a group, research analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

Analysts Set New Price Targets

Several brokerages recently commented on ROP. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Truist Financial restated a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a report on Tuesday, August 27th. Barclays increased their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Royal Bank of Canada increased their price target on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $619.50.

Roper Technologies Company 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.