Golden State Wealth Management LLC Takes $45,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Golden State Wealth Management LLC purchased a new position in Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 87 shares of the industrial products company’s stock, valued at approximately $45,000.

A number of other institutional investors have also added to or reduced their stakes in ROP. CWM LLC lifted its holdings in shares of Roper Technologies by 18.6% during the third quarter. CWM LLC now owns 3,584 shares of the industrial products company’s stock valued at $1,994,000 after purchasing an additional 563 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in Roper Technologies during the third quarter valued at $211,000. Ritholtz Wealth Management boosted its holdings in Roper Technologies by 3.6% in the third quarter. Ritholtz Wealth Management now owns 779 shares of the industrial products company’s stock worth $434,000 after acquiring an additional 27 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Roper Technologies in the third quarter worth $1,021,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Roper Technologies by 19.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 565 shares of the industrial products company’s stock valued at $314,000 after acquiring an additional 93 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of analyst reports. Truist Financial reiterated a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Royal Bank of Canada cut their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Raymond James restated a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Mizuho increased their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Barclays decreased their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $622.30.

Roper Technologies Trading Up 1.2 %

Roper Technologies stock opened at $581.35 on Wednesday. The business has a 50-day simple moving average of $537.59 and a two-hundred day simple moving average of $545.38. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.43. 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 company has a market cap of $62.34 billion, a P/E ratio of 40.54, a P/E/G ratio of 2.78 and a beta of 1.05.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is owned by company insiders.

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.