SouthState Corp Has $18.25 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

SouthState Corp lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,474 shares of the industrial products company’s stock after buying an additional 1,245 shares during the period. Roper Technologies comprises about 1.6% of SouthState Corp’s investment portfolio, making the stock its 16th largest holding. SouthState Corp’s holdings in Roper Technologies were worth $18,249,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ROP. OFI Invest Asset Management purchased a new position in shares of Roper Technologies during the 3rd quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in Roper Technologies during the 3rd quarter worth $27,000. Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies in the fourth quarter worth approximately $31,000. Wetzel Investment Advisors Inc. acquired a new position in Roper Technologies in the fourth quarter worth $31,000. Finally, Lee Financial Co bought a new stake in shares of Roper Technologies during the third quarter valued at about $34,000. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the stock in a transaction dated Monday, March 18th. The shares were 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 approximately $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.94% of the company’s stock.

Roper Technologies Price Performance

ROP stock traded down $3.94 during trading on Thursday, hitting $510.82. 631,008 shares of the company’s stock traded hands, compared to its average volume of 516,940. Roper Technologies, Inc. has a 52 week low of $441.06 and a 52 week high of $565.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The business has a fifty day simple moving average of $543.08 and a 200 day simple moving average of $533.88. The stock has a market capitalization of $54.68 billion, a price-to-earnings ratio of 37.36, a P/E/G ratio of 2.68 and a beta of 1.00.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. Roper Technologies’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.90 earnings per share. As a group, research analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were issued a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.59%. Roper Technologies’s dividend payout ratio is presently 21.77%.

Analysts Set New Price Targets

ROP has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. TD Cowen cut Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target for the company. in a research note on Thursday, January 4th. Raymond James lifted their price target on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Royal Bank of Canada reduced their price target on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Mizuho raised their target price on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday. Four 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $579.83.

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.