Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Park Place Capital Corp

Park Place Capital Corp boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 67.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,615 shares of the industrial products company's stock after purchasing an additional 1,460 shares during the period. Park Place Capital Corp's holdings in Roper Technologies were worth $2,131,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ROP. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies during the 4th quarter worth about $26,000. Putney Financial Group LLC purchased a new position in shares of Roper Technologies in the fourth quarter worth approximately $31,000. Alpine Bank Wealth Management acquired a new stake in shares of Roper Technologies during the first quarter valued at approximately $34,000. CoreFirst Bank & Trust acquired a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $36,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $38,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ROP shares. Raymond James Financial reissued a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. William Blair began coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. Stifel Nicolaus decreased their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. lifted their target price on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Stock Down 0.3%

Shares of Roper Technologies stock opened at $565.31 on Friday. The firm has a market cap of $60.78 billion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 2.77 and a beta of 1.03. The stock has a 50-day simple moving average of $566.39 and a 200-day simple moving average of $558.41. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

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

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is currently 23.81%.

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.

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