Beacon Pointe Advisors LLC Sells 118 Shares of Roper Technologies, Inc. (NYSE:ROP)

Beacon Pointe Advisors LLC lessened its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,027 shares of the industrial products company’s stock after selling 118 shares during the period. Beacon Pointe Advisors LLC’s holdings in Roper Technologies were worth $7,812,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Roper Technologies by 6.0% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 4,510 shares of the industrial products company’s stock valued at $2,510,000 after purchasing an additional 255 shares during the period. World Investment Advisors LLC lifted its stake in shares of Roper Technologies by 1.4% in the 3rd quarter. World Investment Advisors LLC now owns 7,111 shares of the industrial products company’s stock valued at $3,957,000 after purchasing an additional 100 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in shares of Roper Technologies by 1,227.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,727 shares of the industrial products company’s stock valued at $2,630,000 after purchasing an additional 4,371 shares during the period. Tidal Investments LLC lifted its stake in shares of Roper Technologies by 8.5% in the 3rd quarter. Tidal Investments LLC now owns 10,466 shares of the industrial products company’s stock valued at $5,824,000 after purchasing an additional 823 shares during the period. Finally, Synovus Financial Corp lifted its stake in shares of Roper Technologies by 19.6% in the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after purchasing an additional 961 shares during the period. Institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the topic of a number of research reports. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target on shares of Roper Technologies in a research note on Monday. Stifel Nicolaus initiated coverage on Roper Technologies in a research note on Thursday, March 27th. They set a “buy” rating and a $685.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Truist Financial reissued a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $620.73.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Stock Down 1.0 %

ROP stock opened at $551.95 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $59.27 billion, a PE ratio of 38.49, a PEG ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The stock has a 50-day simple moving average of $568.40 and a two-hundred day simple moving average of $554.64.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business earned $4.41 earnings per share. On average, equities analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies’s payout ratio is 23.01%.

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.