Trade Report: The Quantitative Systematic Strategies LLC Purchases Shares of 4,647 Roper Technologies Inc. (ROP)

The Quantitative Systematic Strategies LLC Purchases Shares of 4,647 Roper Technologies Inc. (ROP)

Quantitative Systematic Strategies LLC purchased a new stake in shares of Roper Technologies Inc. (NYSE:ROP) during the second quarter, Holdings Channel reports. The institutional investor purchased 4,647 shares of the company’s stock, valued at approximately $784,000.

A number of other hedge funds have also added to or reduced their stakes in ROP. Glenmede Trust Co. NA increased its stake in Roper Technologies by 0.7% in the first quarter. Glenmede Trust Co. NA now owns 2,456 shares of the company’s stock valued at $448,000 after buying an additional 16 shares during the period. Commonwealth Equity Services Inc increased its stake in Roper Technologies by 44.1% in the first quarter. Commonwealth Equity Services Inc now owns 2,661 shares of the company’s stock valued at $486,000 after buying an additional 814 shares during the period. Virginia Retirement System acquired a new stake in Roper Technologies during the first quarter valued at approximately $354,000. CIBC World Markets Inc. increased its stake in Roper Technologies by 9.4% in the first quarter. CIBC World Markets Inc. now owns 2,592 shares of the company’s stock valued at $474,000 after buying an additional 222 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Roper Technologies by 12.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,227 shares of the company’s stock worth $224,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 94.64% of the company’s stock.

Shares of Roper Technologies Inc. (NYSE:ROP) traded down 0.06% during midday trading on Wednesday, reaching $176.75. 172,023 shares of the company were exchanged. Roper Technologies Inc. has a 52-week low of $155.79 and a 52-week high of $195.93. The firm’s 50 day moving average is $179.22 and its 200-day moving average is $175.14. The company has a market capitalization of $17.91 billion, a PE ratio of 26.59 and a beta of 0.98.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, July 25th. The company reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by $0.05. The business earned $932 million during the quarter, compared to analyst estimates of $948.22 million. Roper Technologies had a return on equity of 12.37% and a net margin of 18.53%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 EPS. On average, equities analysts forecast that Roper Technologies Inc. will post $6.60 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Wednesday, October 5th. Roper Technologies’s dividend payout ratio is presently 18.05%.

A number of equities analysts have commented on ROP shares. Zacks Investment Research upgraded shares of Roper Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd. Raymond James Financial Inc. started coverage on shares of Roper Technologies in a research report on Wednesday, July 20th. They set a “strong-buy” rating and a $206.00 price objective for the company. Royal Bank Of Canada cut their price objective on shares of Roper Technologies from $205.00 to $196.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. Barclays PLC cut their price objective on shares of Roper Technologies from $198.00 to $192.00 and set an “overweight” rating for the company in a research report on Tuesday, July 26th. Finally, RBC Capital Markets restated an “outperform” rating and set a $196.00 price objective (down previously from $205.00) on shares of Roper Technologies in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Roper Technologies presently has a consensus rating of “Buy” and a consensus price target of $193.22.

In other news, Director Robert E. Knowling, Jr. sold 4,000 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $171.54, for a total transaction of $686,160.00. Following the completion of the transaction, the director now owns 14,038 shares of the company’s stock, valued at $2,408,078.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert D. Johnson sold 1,400 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $173.41, for a total transaction of $242,774.00. Following the transaction, the director now directly owns 10,500 shares of the company’s stock, valued at approximately $1,820,805. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

About Roper Technologies

Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.

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