GC Wealth Management RIA LLC Cuts Holdings in Roper Technologies, Inc. (NYSE:ROP)

GC Wealth Management RIA LLC trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 864 shares of the industrial products company’s stock after selling 106 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Roper Technologies were worth $449,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CWA Asset Management Group LLC purchased a new position in Roper Technologies in the third quarter worth $395,000. Assetmark Inc. grew its holdings in Roper Technologies by 7.6% in the third quarter. Assetmark Inc. now owns 11,684 shares of the industrial products company’s stock worth $6,501,000 after purchasing an additional 824 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Roper Technologies by 7.8% in the third quarter. Venturi Wealth Management LLC now owns 2,249 shares of the industrial products company’s stock worth $1,251,000 after purchasing an additional 163 shares during the last quarter. WealthPlan Investment Management LLC grew its holdings in Roper Technologies by 38.6% in the third quarter. WealthPlan Investment Management LLC now owns 4,984 shares of the industrial products company’s stock worth $2,773,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Roper Technologies by 2.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 286,552 shares of the industrial products company’s stock worth $159,449,000 after purchasing an additional 5,571 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays lowered their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. TD Cowen upgraded 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 research note on Tuesday, January 28th. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Truist Financial reiterated a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies Trading Down 1.9 %

NYSE ROP opened at $565.75 on Wednesday. The company has a market capitalization of $60.75 billion, a PE ratio of 39.45, a P/E/G ratio of 2.77 and a beta of 1.06. The company has a fifty day moving average of $554.32 and a 200 day moving average of $551.56. 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.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s dividend payout ratio is presently 23.01%.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69 % 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 Brandon L. Cross sold 750 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the transaction, the vice president now owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 over the last three months. Company insiders own 0.87% of the company’s stock.

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.