Golden State Equity Partners Grows Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

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

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

Roper Technologies Stock Performance

Shares of NYSE:ROP traded down $13.63 on Friday, reaching $526.78. 856,081 shares of the company’s stock were exchanged, compared to its average volume of 498,846. The firm has a market capitalization of $56.38 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 2.85 and a beta of 0.99. Roper Technologies, Inc. has a fifty-two week low of $435.49 and a fifty-two week high of $565.00. The business’s 50-day moving average is $545.05 and its two-hundred day moving average is $533.36. 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 issued its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.90 earnings per share. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 18.08 EPS for the current year.

Roper Technologies Dividend Announcement

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

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the 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 of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.94% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ROP shares. Wells Fargo & Company upped their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Oppenheimer upped their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Barclays upped their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Raymond James upped their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Mizuho upped their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has an average 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.