GSB Wealth Management LLC Sells 80 Shares of Roper Technologies, Inc. (NYSE:ROP)

GSB Wealth Management LLC trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,758 shares of the industrial products company’s stock after selling 80 shares during the quarter. GSB Wealth Management LLC’s holdings in Roper Technologies were worth $914,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies in the third quarter valued at about $28,000. Global Wealth Strategies & Associates bought a new stake in shares of Roper Technologies in the third quarter valued at about $37,000. Kimelman & Baird LLC bought a new stake in shares of Roper Technologies in the second quarter valued at about $42,000. Central Pacific Bank Trust Division lifted its holdings in shares of Roper Technologies by 34.4% in the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 22 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Roper Technologies by 40.7% in the fourth quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 33 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Down 0.4 %

Shares of NYSE:ROP opened at $531.37 on Friday. The company has a market capitalization of $56.98 billion, a P/E ratio of 38.87, a P/E/G ratio of 2.55 and a beta of 1.04. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $580.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The business’s 50 day simple moving average is $535.54 and its 200 day simple moving average is $544.96.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.32 EPS. On average, research analysts anticipate that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a dividend of $0.825 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.62%. Roper Technologies’s dividend payout ratio (DPR) is 24.14%.

Analyst Ratings Changes

Several brokerages recently commented on ROP. Royal Bank of Canada reduced their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Robert W. Baird increased their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Truist Financial reissued a “buy” rating and set a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Oppenheimer began coverage on Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $624.38.

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.