Park Place Capital Corp Raises Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Park Place Capital Corp grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 22.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 576 shares of the industrial products company’s stock after purchasing an additional 107 shares during the period. Park Place Capital Corp’s holdings in Roper Technologies were worth $323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Roper Technologies in the 3rd quarter worth about $1,130,000. Mutual Advisors LLC purchased a new stake in shares of Roper Technologies during the third quarter valued at approximately $251,000. Teza Capital Management LLC purchased a new position in Roper Technologies in the 3rd quarter worth approximately $953,000. Schonfeld Strategic Advisors LLC lifted its position in Roper Technologies by 101.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 9,935 shares of the industrial products company’s stock valued at $4,811,000 after acquiring an additional 5,006 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Roper Technologies by 84.1% during the 3rd quarter. Lazard Asset Management LLC now owns 10,458 shares of the industrial products company’s stock valued at $5,064,000 after purchasing an additional 4,776 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Barclays raised their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada reduced their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Mizuho raised their price target on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a research note on Monday, April 29th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $584.82.

Roper Technologies Stock Down 0.2 %

Shares of NYSE ROP opened at $562.63 on Tuesday. Roper Technologies, Inc. has a 12-month low of $471.93 and a 12-month high of $569.49. The stock has a market cap of $60.22 billion, a PE ratio of 32.73, a P/E/G ratio of 2.95 and a beta of 1.02. The company has a 50-day moving average of $540.08 and a 200 day moving average of $542.55. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41.

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

Roper Technologies Announces Dividend

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

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 300 shares of the stock in a transaction 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 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 Securities & Exchange Commission, which is available at this link. In other news, CFO Jason Conley sold 3,500 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now owns 33,685 shares in the company, valued at $18,965,328.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher Wright sold 300 shares of Roper Technologies 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 owns 35,247 shares in the company, valued at $19,550,453.49. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

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.