AQR Capital Management LLC acquires 26,075 shares of Roper Technologies, Inc. (NYSE:ROP)

AQR Capital Management LLC increased its holdings in Roper Technologies, Inc. (NYSE:ROP – Free Report) by 12.0% in the second quarter, Holdings Channel reports. The fund owned 243,435 shares of the industrial products company’s stock after buying an additional 26,075 shares during the quarter. AQR Capital Management LLC’s holdings in Roper Technologies were worth $137,215,000 as of its most recent SEC filing.

Other large investors have recently bought and sold shares of the company. AXA SA boosted its stake in Roper Technologies by 1.7% in the second quarter. AXA SA now owns 225,431 shares of the industrial products company’s stock worth $127,066,000 after purchasing an additional 3,762 shares during the last quarter. NBW Capital LLC raised its stake in Roper Technologies by 6.2% in the second quarter. NBW Capital LLC now owns 15,763 shares of the industrial products company’s stock worth $8,885,000 after buying an additional 919 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Roper Technologies by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,499 shares of the industrial products company’s stock, valued at $11,555,000 after buying an another 7,705 shares in the last quarter. Bank of Montreal Can raised its stake in Roper Technologies by 31.0% during the second quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company’s stock valued at $192,176,000 after purchasing an additional 80,255 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in Roper Technologies by 2,432.5% in the second quarter. Public Sector Pension Investment Board now owns 61,109 shares of the industrial products company’s stock valued at $34,445,000 after buying an additional 58,696 shares in the last quarter. 93.31% of the shares are held by hedge funds and other institutional investors.

Insider activity at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of shares are currently owned by company insiders.

Changes in Analyst Ratings

ROP has been the subject of a number of recent research reports. Oppenheimer cut their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Royal Bank of Canada boosted their price objective on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Baird RW raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Truist Financial reiterated a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Finally, Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to an “equal perform” rating in a research report on Thursday, June 13th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Moderate Buy” and an average price target of $616.00, according to MarketBeat.com.

View the latest stock analysis on Roper Technologies

Roper Technologies Price Performance

Shares of ROP stock opened at $552.50 on Friday. The firm has a fifty day simple moving average of $547.13 and a two hundred day simple moving average of $545.54. The firm has a market cap of $59.14 billion, a PE ratio of 40.09, a P/E/G ratio of 2.92 and a beta of 1.02. The company has a current ratio of 0.53, a quick ratio of 0.48, and a debt-to-equity ratio of 0.38. Roper Technologies, Inc. has a 1 year low of $474.46 and a 1 year high of $579.10.

Roper Technologies (NYSE:ROP – Get Free Report ) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.72 billion. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The firm 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 dividend of $3.00 on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Tuesday, October 8. Roper Technologies’ payout ratio is 21.77%.

Roper Technologies Company Profile

(Free Report)

Roper Technologies, Inc designs and develops software and technology-based products and solutions. It operates through three segments: application software, network software, and technology-enabled products. The Software Applications segment offers management, campus solutions, laboratory diagnostics and information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analysis and performance management software; cloud-based software for the property and casualty insurance industry; and software, services and technologies for food service operations.

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