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) by 12.0% in the 2nd 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 also recently bought and sold shares of the company. AXA S.A. increased its stake in shares of Roper Technologies by 1.7% during the second quarter. AXA S.A. now owns 225,431 shares of the industrial products company’s stock valued at $127,066,000 after purchasing an additional 3,762 shares in the last quarter. NBW Capital LLC grew its stake in shares of Roper Technologies by 6.2% in the 2nd 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 during 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 additional 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 buying an additional 80,255 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Roper Technologies by 2,432.5% during 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 during the last quarter. 93.31% of the stock is owned 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 the stock is currently owned by company insiders.

Analyst Ratings Changes

ROP has been the topic of a number of recent research reports. Oppenheimer cut their target price 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 increased 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 R W 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 price target 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 a “peer 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $616.00.

Roper Technologies Price Performance

Shares of ROP 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) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating 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 $3.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s payout ratio is 21.77%.

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.