Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Golden State Equity Partners

Golden State Equity Partners increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 21.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,026 shares of the industrial products company’s stock after purchasing an additional 183 shares during the period. Golden State Equity Partners’ holdings in Roper Technologies were worth $559,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ROP. AE Wealth Management LLC raised its position in shares of Roper Technologies by 93.5% during the 3rd quarter. AE Wealth Management LLC now owns 1,641 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 793 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Roper Technologies by 12.0% in the 3rd quarter. DAVENPORT & Co LLC now owns 637 shares of the industrial products company’s stock valued at $309,000 after buying an additional 68 shares during the period. UMB Bank n.a. grew its stake in shares of Roper Technologies by 0.6% in the 3rd quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock valued at $1,664,000 after buying an additional 21 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Roper Technologies by 4.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 45,512 shares of the industrial products company’s stock valued at $22,041,000 after buying an additional 1,992 shares during the period. Finally, Simplicity Solutions LLC grew its stake in shares of Roper Technologies by 43.0% in the 3rd quarter. Simplicity Solutions LLC now owns 3,084 shares of the industrial products company’s stock valued at $1,493,000 after buying an additional 928 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.94% of the stock is owned by company insiders.

Roper Technologies Stock Down 2.5 %

ROP stock traded down $13.63 during midday trading on Friday, hitting $526.78. The company’s stock had a trading volume of 856,081 shares, compared to its average volume of 498,846. Roper Technologies, Inc. has a 52-week low of $435.49 and a 52-week high of $565.00. The firm has a 50-day simple moving average of $545.05 and a 200-day simple moving average of $533.36. The firm has a market capitalization of $56.38 billion, a P/E ratio of 32.34, a PEG ratio of 2.85 and a beta of 0.99. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the business earned $3.90 EPS. The company’s revenue was up 14.4% on a year-over-year basis. As a group, equities analysts forecast that Roper Technologies, Inc. will post 18.08 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s payout ratio is 23.27%.

Analysts Set New Price Targets

ROP has been the subject of a number of research analyst reports. Mizuho increased their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research report on Thursday, January 4th. Oppenheimer increased their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Royal Bank of Canada increased their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Raymond James increased their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Roper Technologies Company 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.