Golden State Equity Partners Sells 285 Shares of Roper Technologies, Inc. (NYSE:ROP)

Golden State Equity Partners decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 28.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 720 shares of the industrial products company’s stock after selling 285 shares during the period. Golden State Equity Partners’ holdings in Roper Technologies were worth $374,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Truist Financial Corp raised its position in shares of Roper Technologies by 2.4% during the second quarter. Truist Financial Corp now owns 9,986 shares of the industrial products company’s stock worth $5,629,000 after purchasing an additional 238 shares during the period. Sanctuary Advisors LLC bought a new position in Roper Technologies in the second quarter valued at approximately $2,576,000. Czech National Bank grew its stake in Roper Technologies by 7.1% in the third quarter. Czech National Bank now owns 21,837 shares of the industrial products company’s stock valued at $12,151,000 after purchasing an additional 1,439 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Roper Technologies by 19.6% during the 3rd quarter. GAMMA Investing LLC now owns 671 shares of the industrial products company’s stock worth $373,000 after acquiring an additional 110 shares during the period. Finally, WealthBridge Capital Management LLC boosted its stake in shares of Roper Technologies by 49.8% during the 3rd quarter. WealthBridge Capital Management LLC now owns 620 shares of the industrial products company’s stock worth $345,000 after acquiring an additional 206 shares during the period. Institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,351 shares of company stock valued at $2,514,103. Company insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $577.04 on Tuesday. The stock has a market cap of $61.88 billion, a PE ratio of 40.24, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a fifty day moving average of $535.93 and a 200-day moving average of $544.64.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a dividend of $0.825 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

Analyst Upgrades and Downgrades

ROP has been the subject of several research analyst reports. Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday. Robert W. Baird boosted their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial reissued a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday. Finally, Mizuho boosted their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $622.30.

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.