Roper Technologies, Inc. (NYSE:ROP) Holdings Lowered by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 27.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,634 shares of the industrial products company’s stock after selling 1,004 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Roper Technologies were worth $1,436,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ROP. Lord Abbett & CO. LLC increased its stake in Roper Technologies by 1.7% in the 1st quarter. Lord Abbett & CO. LLC now owns 27,664 shares of the industrial products company’s stock valued at $13,064,000 after buying an additional 463 shares during the period. Prudential PLC bought a new stake in shares of Roper Technologies during the 1st quarter worth $1,038,000. Cetera Investment Advisers boosted its holdings in shares of Roper Technologies by 0.8% during the 1st quarter. Cetera Investment Advisers now owns 3,916 shares of the industrial products company’s stock worth $1,849,000 after buying an additional 30 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Roper Technologies during the 1st quarter worth $367,000. Finally, Candriam Luxembourg S.C.A. boosted its holdings in shares of Roper Technologies by 432.2% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 37,205 shares of the industrial products company’s stock worth $17,569,000 after buying an additional 30,214 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.94% of the company’s stock.

Roper Technologies Trading Up 0.0 %

Shares of Roper Technologies stock opened at $556.38 on Monday. The firm has a 50-day moving average of $547.32 and a 200-day moving average of $525.37. The stock has a market cap of $59.54 billion, a PE ratio of 43.16, a PEG ratio of 2.93 and a beta of 0.99. Roper Technologies, Inc. has a 52-week low of $423.96 and a 52-week high of $562.69. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the business posted $3.92 earnings per share. Roper Technologies’s revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 18.07 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.54%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s payout ratio is 23.27%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ROP shares. Mizuho upped their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target for the company. in a report on Thursday, January 4th. Raymond James increased their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Royal Bank of Canada increased their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Oppenheimer increased their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $574.25.

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.