Lido Advisors LLC Decreases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Lido Advisors LLC lowered its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,846 shares of the industrial products company’s stock after selling 99 shares during the quarter. Lido Advisors LLC’s holdings in Roper Technologies were worth $6,158,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. VSM Wealth Advisory LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at about $26,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies during the 4th quarter valued at approximately $36,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after buying an additional 75 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Roper Technologies in the fourth quarter valued at $38,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Roper Technologies in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ROP shares. Oppenheimer reissued an “outperform” rating and issued a $640.00 target price on shares of Roper Technologies in a research note on Monday. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a research report on Monday. Truist Financial reiterated a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $465.00 to $470.00 and gave the stock a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.91.

Roper Technologies Stock Up 0.8 %

NYSE:ROP opened at $556.17 on Wednesday. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company’s fifty day moving average price is $567.90 and its 200-day moving average price is $554.65. The firm has a market capitalization of $59.72 billion, a P/E ratio of 38.78, a PEG ratio of 2.77 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period in the previous year, the business posted $4.41 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

Insider Activity

In related news, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on 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 transaction, the director now directly 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 legal filing with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

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.