Perennial Advisors LLC Takes $390,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Perennial Advisors LLC purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 661 shares of the industrial products company's stock, valued at approximately $390,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new position in shares of Roper Technologies in the 1st quarter valued at about $2,395,000. Plato Investment Management Ltd boosted its holdings in shares of Roper Technologies by 41.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company's stock worth $2,106,000 after buying an additional 1,182 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Roper Technologies by 192.6% during the fourth quarter. Vise Technologies Inc. now owns 1,592 shares of the industrial products company's stock worth $828,000 after acquiring an additional 1,048 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Roper Technologies by 20.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company's stock worth $25,656,000 after buying an additional 8,415 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Roper Technologies by 19.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,298 shares of the industrial products company's stock valued at $3,274,000 after purchasing an additional 1,021 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Up 0.0%

NYSE:ROP traded up $0.21 on Monday, hitting $573.08. 419,283 shares of the stock were exchanged, compared to its average volume of 549,129. The stock has a market cap of $61.61 billion, a PE ratio of 39.96, a PEG ratio of 2.77 and a beta of 1.03. The stock has a fifty day moving average of $562.95 and a 200-day moving average of $558.00. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same quarter in the previous year, the company earned $4.41 earnings per share. Roper Technologies's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROP. Raymond James restated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Robert W. Baird upped their price objective on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Mizuho set a $600.00 price target on shares of Roper Technologies in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies 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.