1,180 Shares in Roper Technologies, Inc. (NYSE:ROP) Acquired by Wealth Dimensions Group Ltd.

Wealth Dimensions Group Ltd. acquired a new position in Roper Technologies, Inc. (NYSE:ROP) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,180 shares of the industrial products company’s stock, valued at approximately $665,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new stake in shares of Roper Technologies in the 1st quarter worth about $25,000. Rise Advisors LLC purchased a new stake in shares of Roper Technologies in the first quarter valued at $27,000. Versant Capital Management Inc lifted its holdings in shares of Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 20 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies in the first quarter worth approximately $29,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Roper Technologies during the second quarter worth $31,000. 93.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on ROP. Truist Financial reaffirmed a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a research note on Tuesday, August 27th. Barclays increased their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Royal Bank of Canada increased their target price on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $616.00.

Roper Technologies Trading Up 0.1 %

Shares of NYSE ROP opened at $551.84 on Monday. The stock has a market capitalization of $59.07 billion, a PE ratio of 40.05, a PEG ratio of 2.89 and a beta of 1.02. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. 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 stock has a fifty day simple moving average of $547.86 and a 200-day simple moving average of $544.97.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

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 stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated 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 sale, the chief financial officer now owns 33,685 shares in the company, valued at $18,965,328.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 140 shares of the company’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 completion of the sale, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

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.