Argus Investors Counsel Inc. Sells 29 Shares of Roper Technologies, Inc. (NYSE:ROP)

Argus Investors Counsel Inc. cut its position in Roper Technologies, Inc. (NYSE:ROP) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 680 shares of the industrial products company’s stock after selling 29 shares during the quarter. Argus Investors Counsel Inc.’s holdings in Roper Technologies were worth $353,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ledyard National Bank grew its position in shares of Roper Technologies by 2.1% in the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after purchasing an additional 18 shares during the last quarter. Meridian Financial Partners LLC boosted its stake in Roper Technologies by 1.0% during the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock valued at $1,067,000 after purchasing an additional 20 shares during the period. Cromwell Holdings LLC increased its position in Roper Technologies by 6.8% in the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after buying an additional 21 shares during the period. Hibernia Wealth Partners LLC lifted its holdings in shares of Roper Technologies by 4.2% during the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after buying an additional 21 shares during the last quarter. Finally, Ballast Advisors LLC boosted its position in shares of Roper Technologies by 1.3% in the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after acquiring an additional 21 shares during the period. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE:ROP opened at $581.42 on Thursday. The stock has a market capitalization of $62.35 billion, a P/E ratio of 40.55, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $584.31. The firm has a 50 day moving average of $536.97 and a 200-day moving average of $545.01.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ROP. Mizuho boosted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird upped their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Truist Financial reissued a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One investment 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 stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Insider Buying and Selling at Roper Technologies

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

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.