Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1,516.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,667 shares of the industrial products company’s stock after purchasing an additional 2,502 shares during the quarter. Plato Investment Management Ltd’s holdings in Roper Technologies were worth $1,496,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC acquired a new position in Roper Technologies during the 1st quarter valued at approximately $27,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the first quarter worth $29,000. Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies in the fourth quarter worth $31,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Roper Technologies in the fourth quarter worth $31,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Roper Technologies in the fourth quarter worth $32,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,940 shares of company stock valued at $2,214,019. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. 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. Oppenheimer cut their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Royal Bank of Canada lowered their price target on shares of Roper Technologies from $685.00 to $674.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $604.33.

Roper Technologies Price Performance

ROP traded down $0.35 during midday trading on Thursday, hitting $544.40. 434,642 shares of the company traded hands, compared to its average volume of 523,335. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $58.27 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 2.86 and a beta of 1.02. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10. The business has a 50 day simple moving average of $553.71 and a two-hundred day simple moving average of $545.80.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Monday, July 8th. Roper Technologies’s payout ratio 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.