Meadow Creek Wealth Advisors LLC Cuts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Meadow Creek Wealth Advisors LLC reduced its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 994 shares of the industrial products company’s stock after selling 21 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in Roper Technologies were worth $517,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies during the 3rd quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares in the last quarter. Global Wealth Strategies & Associates boosted its stake in shares of Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 33 shares during the period. Versant Capital Management Inc increased its stake in Roper Technologies by 40.7% during the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock worth $59,000 after buying an additional 33 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in Roper Technologies by 59.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company’s stock worth $69,000 after buying an additional 46 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the sale, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares in the company, 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. Over the last three months, insiders have sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of analyst reports. Royal Bank of Canada dropped their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Barclays reduced their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Truist Financial reaffirmed 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. Oppenheimer upped their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Raymond James reiterated a “strong-buy” rating and issued a $655.00 price target (up from $620.00) 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 given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies Stock Up 0.6 %

Shares of Roper Technologies stock opened at $581.42 on Thursday. The stock has a market capitalization of $62.35 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 2.76 and a beta of 1.05. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $584.31. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The business’s 50 day simple moving average is $536.63 and its 200-day simple moving average is $544.75.

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.