Park Place Capital Corp Has $323,000 Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Park Place Capital Corp lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 22.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 576 shares of the industrial products company’s stock after buying an additional 107 shares during the period. Park Place Capital Corp’s holdings in Roper Technologies were worth $323,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Rise Advisors LLC bought a new position in shares of Roper Technologies during the first quarter valued at approximately $27,000. Independence Bank of Kentucky purchased a new stake in shares of Roper Technologies during the fourth quarter valued at $31,000. Wetzel Investment Advisors Inc. purchased a new position in Roper Technologies in the 4th quarter worth about $31,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at about $32,000. Finally, Grayhawk Investment Strategies Inc. bought a new position in Roper Technologies during the fourth quarter valued at approximately $38,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the transaction, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares in the company, valued at $18,965,328.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the transaction, the director now owns 35,247 shares of the company’s stock, 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 Trading Down 0.2 %

Roper Technologies stock opened at $562.63 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. The firm’s 50 day moving average price is $540.08 and its 200-day moving average price is $542.55. Roper Technologies, Inc. has a 1 year low of $471.93 and a 1 year high of $569.49. The stock has a market cap of $60.22 billion, a P/E ratio of 32.73, a PEG ratio of 2.95 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released 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. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned $3.90 EPS. The business’s revenue was up 14.4% on a year-over-year basis. On average, equities analysts predict that Roper Technologies, Inc. will post 18.17 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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