203 Shares in Roper Technologies, Inc. (NYSE:ROP) Acquired by Planned Solutions Inc.

Planned Solutions Inc. bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, HoldingsChannel.com reports. The firm bought 203 shares of the industrial products company’s stock, valued at approximately $111,000.

A number of other hedge funds have also modified their holdings of the company. Toth Financial Advisory Corp increased its stake in Roper Technologies by 1.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,066 shares of the industrial products company’s stock valued at $1,485,000 after buying an additional 54 shares during the last quarter. Bright Rock Capital Management LLC raised its stake in Roper Technologies by 41.2% in the fourth quarter. Bright Rock Capital Management LLC now owns 12,000 shares of the industrial products company’s stock valued at $6,542,000 after buying an additional 3,500 shares during the period. DNB Asset Management AS lifted its position in shares of Roper Technologies by 86.9% in the fourth quarter. DNB Asset Management AS now owns 32,941 shares of the industrial products company’s stock valued at $17,958,000 after buying an additional 15,312 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Roper Technologies during the 3rd quarter worth approximately $220,000. Finally, Redhawk Wealth Advisors Inc. bought a new stake in Roper Technologies in the 4th quarter valued at $293,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Barclays boosted their price objective on Roper Technologies from $580.00 to $596.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Wells Fargo & Company boosted their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a research report on Thursday, January 4th. Finally, Mizuho raised their target price on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $574.25.

Insider Activity

In related news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.94% of the company’s stock.

Roper Technologies Trading Up 0.9 %

ROP opened at $559.18 on Thursday. The company has a market cap of $59.84 billion, a P/E ratio of 43.38, a PEG ratio of 2.92 and a beta of 0.99. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $548.00 and its 200-day moving average is $526.21. Roper Technologies, Inc. has a 1-year low of $428.83 and a 1-year high of $562.69.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the company posted $3.92 EPS. Roper Technologies’s quarterly revenue was up 12.7% compared to the same quarter last year. Equities research analysts predict that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.54%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.27%.

About Roper Technologies

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.