Park Place Capital Corp Has $1.12 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Park Place Capital Corp lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 34.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,155 shares of the industrial products company’s stock after purchasing an additional 550 shares during the quarter. Park Place Capital Corp’s holdings in Roper Technologies were worth $1,120,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new stake in Roper Technologies in the 3rd quarter valued at approximately $28,000. Global Wealth Strategies & Associates bought a new stake in Roper Technologies in the 3rd quarter valued at approximately $37,000. Kimelman & Baird LLC bought a new stake in Roper Technologies in the 2nd quarter valued at approximately $42,000. Central Pacific Bank Trust Division lifted its stake in Roper Technologies by 34.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 22 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Roper Technologies by 40.7% in the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ROP. Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Barclays dropped their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Truist Financial reiterated a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada dropped their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Oppenheimer started coverage on Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average price target of $623.33.

Roper Technologies Stock Up 1.8 %

ROP opened at $531.80 on Wednesday. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $537.24 and its 200 day simple moving average is $545.29. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $580.09. The stock has a market cap of $57.03 billion, a PE ratio of 38.93, a price-to-earnings-growth ratio of 2.49 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the firm posted $4.32 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts expect that Roper Technologies, Inc. will post 18.29 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.62%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, January 3rd. Roper Technologies’s dividend payout ratio is currently 24.14%.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the sale, the director now directly owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.87% of the stock is currently owned by insiders.

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.