Cubist Systematic Strategies LLC Purchases 2,501 Shares of Roper Technologies Inc (ROP)

Cubist Systematic Strategies LLC increased its holdings in Roper Technologies Inc (NYSE:ROP) by 234.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,568 shares of the industrial products company’s stock after buying an additional 2,501 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Roper Technologies were worth $868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its stake in shares of Roper Technologies by 4.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 324,930 shares of the industrial products company’s stock valued at $75,232,000 after purchasing an additional 13,871 shares during the period. Marshall Wace North America L.P. grew its stake in shares of Roper Technologies by 232.5% during the 2nd quarter. Marshall Wace North America L.P. now owns 69,673 shares of the industrial products company’s stock valued at $16,164,000 after purchasing an additional 48,719 shares during the period. GAM Holding AG grew its stake in shares of Roper Technologies by 0.7% during the 2nd quarter. GAM Holding AG now owns 14,893 shares of the industrial products company’s stock valued at $3,448,000 after purchasing an additional 100 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Roper Technologies by 2.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 330,260 shares of the industrial products company’s stock valued at $76,465,000 after purchasing an additional 8,048 shares during the period. Finally, Aviva PLC grew its stake in shares of Roper Technologies by 0.9% during the 2nd quarter. Aviva PLC now owns 63,337 shares of the industrial products company’s stock valued at $14,669,000 after purchasing an additional 560 shares during the period. Institutional investors own 93.46% of the company’s stock.

A number of research analysts have recently weighed in on ROP shares. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price objective on the stock in a research report on Monday, October 2nd. Robert W. Baird lifted their price objective on Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Oppenheimer reaffirmed a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. JPMorgan Chase & Co. raised Roper Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $223.00 to $275.00 in a research report on Wednesday, September 20th. Finally, Royal Bank of Canada lifted their price objective on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $256.27.

In related news, CEO Brian D. Jellison sold 81,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total value of $21,159,845.00. Following the transaction, the chief executive officer now directly owns 1,448,575 shares of the company’s stock, valued at approximately $376,093,527.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $260.03, for a total value of $312,036.00. Following the completion of the transaction, the director now directly owns 9,700 shares in the company, valued at $2,522,291. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,950 shares of company stock worth $22,574,581. 2.50% of the stock is owned by insiders.

Roper Technologies Inc (NYSE:ROP) traded up $2.78 during midday trading on Friday, reaching $275.28. The company had a trading volume of 249,769 shares, compared to its average volume of 422,884. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76. Roper Technologies Inc has a one year low of $185.10 and a one year high of $275.52. The stock has a market cap of $28,180.00, a PE ratio of 40.01, a PEG ratio of 2.19 and a beta of 1.06.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.06. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm earned $1.65 EPS. The firm’s revenue was up 23.7% compared to the same quarter last year. sell-side analysts predict that Roper Technologies Inc will post 9.31 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be issued a $0.4125 dividend. The ex-dividend date of this dividend is Monday, January 8th. This is a boost from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 dividend on an annualized basis and a yield of 0.60%. Roper Technologies’s payout ratio is currently 23.98%.

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About Roper Technologies

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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