Acadian Asset Management LLC Has $80.10 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Acadian Asset Management LLC boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 69.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,855 shares of the industrial products company’s stock after buying an additional 58,388 shares during the period. Acadian Asset Management LLC owned approximately 0.13% of Roper Technologies worth $80,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC acquired a new position in Roper Technologies in the first quarter valued at $27,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies during the 1st quarter worth about $29,000. Independence Bank of Kentucky bought a new position in shares of Roper Technologies during the 4th quarter worth about $31,000. Wetzel Investment Advisors Inc. bought a new position in shares of Roper Technologies during the 4th quarter worth about $31,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of Roper Technologies during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ROP shares. Royal Bank of Canada cut their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Barclays increased their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Mizuho raised their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $650.00 price target on shares of Roper Technologies in a research report on Monday, April 29th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $595.50.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the sale, the director now owns 35,247 shares in the company, valued at approximately $19,550,453.49. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the transaction, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Stock Down 0.7 %

NYSE:ROP traded down $3.88 on Friday, hitting $567.31. The stock had a trading volume of 459,205 shares, compared to its average volume of 445,231. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The stock has a market cap of $60.72 billion, a P/E ratio of 41.17, a price-to-earnings-growth ratio of 2.97 and a beta of 1.02. Roper Technologies, Inc. has a 1 year low of $474.46 and a 1 year high of $575.00. The firm’s fifty day simple moving average is $551.36 and its two-hundred day simple moving average is $544.69.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating the consensus estimate of $4.34 by $0.07. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the business posted $3.90 EPS. Analysts predict that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.53%. Roper Technologies’s payout ratio is currently 21.77%.

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.