Simplicity Wealth LLC Acquires Shares of 2,143 Roper Technologies, Inc. (NYSE:ROP)

Simplicity Wealth LLC bought a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 2,143 shares of the industrial products company's stock, valued at approximately $1,202,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LGT Group Foundation increased its stake in Roper Technologies by 4.9% in the fourth quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company's stock worth $21,288,000 after purchasing an additional 1,804 shares during the period. Schwartz Investment Counsel Inc. lifted its holdings in Roper Technologies by 3.2% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company's stock valued at $61,441,000 after buying an additional 3,500 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Roper Technologies by 229.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company's stock worth $2,865,000 after acquiring an additional 3,660 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Roper Technologies by 42.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company's stock valued at $7,986,000 after purchasing an additional 4,334 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Roper Technologies by 4.0% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 305,613 shares of the industrial products company's stock worth $166,611,000 after purchasing an additional 11,744 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ROP shares. Wells Fargo & Company increased their price target on Roper Technologies from $560.00 to $615.00 and gave the stock an "overweight" rating in a research report on Monday, January 22nd. Oppenheimer reiterated an "outperform" rating and set a $650.00 price objective on shares of Roper Technologies in a research note on Monday, April 29th. Mizuho boosted their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a "neutral" rating in a research note on Monday, April 29th. Barclays increased their target price on Roper Technologies from $596.00 to $600.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada reduced their price target on Roper Technologies from $696.00 to $680.00 and set an "outperform" rating for the company in a research report on Monday, April 29th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $584.82.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, the director now directly owns 35,547 shares of the company's stock, valued at $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is currently owned by insiders.

Roper Technologies Stock Down 0.9 %

NYSE:ROP traded down $4.97 during mid-day trading on Tuesday, hitting $541.40. 380,419 shares of the company's stock traded hands, compared to its average volume of 523,288. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The company has a market capitalization of $57.95 billion, a P/E ratio of 31.47, a P/E/G ratio of 2.84 and a beta of 1.00. The company has a fifty day moving average of $537.45 and a 200 day moving average of $537.75. Roper Technologies, Inc. has a twelve month low of $441.06 and a twelve month high of $565.00.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating the consensus estimate of $4.34 by $0.07. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. Roper Technologies's revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm posted $3.90 EPS. On average, analysts forecast that Roper Technologies, Inc. will post 18.15 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. Roper Technologies's dividend payout ratio (DPR) is 21.77%.

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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