Peninsula Asset Management Inc. Trims Position in Roper Technologies, Inc. (NYSE:ROP)

Peninsula Asset Management Inc. trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,452 shares of the industrial products company’s stock after selling 130 shares during the quarter. Roper Technologies comprises 2.1% of Peninsula Asset Management Inc.’s investment portfolio, making the stock its 19th biggest holding. Peninsula Asset Management Inc.’s holdings in Roper Technologies were worth $3,874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Frank Rimerman Advisors LLC increased its holdings in Roper Technologies by 38.1% during the 4th quarter. Frank Rimerman Advisors LLC now owns 1,315 shares of the industrial products company’s stock valued at $684,000 after acquiring an additional 363 shares in the last quarter. Copperwynd Financial LLC grew its holdings in Roper Technologies by 2.6% during the 4th quarter. Copperwynd Financial LLC now owns 1,926 shares of the industrial products company’s stock valued at $1,001,000 after buying an additional 48 shares during the last quarter. Catalyst Funds Management Pty Ltd increased its position in Roper Technologies by 50.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 600 shares of the industrial products company’s stock worth $312,000 after buying an additional 200 shares in the last quarter. HMV Wealth Advisors LLC acquired a new position in shares of Roper Technologies in the fourth quarter worth $745,000. Finally, Renasant Bank lifted its position in shares of Roper Technologies by 67.8% in the fourth quarter. Renasant Bank now owns 609 shares of the industrial products company’s stock valued at $317,000 after acquiring an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares in the company, valued at approximately $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 have sold 8,101 shares of company stock valued at $4,712,045 over the last three months. 0.87% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on ROP. Raymond James restated a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Truist Financial reiterated a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies Stock Up 1.1 %

ROP opened at $569.29 on Friday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm has a 50 day moving average price of $557.33 and a 200 day moving average price of $551.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market cap of $61.13 billion, a PE ratio of 39.70, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies’s dividend payout ratio is currently 23.01%.

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.