Sentry Investment Management LLC Decreases Stake in Roper Technologies, Inc. (NYSE:ROP)

Sentry Investment Management LLC cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 441 shares of the industrial products company’s stock after selling 20 shares during the period. Sentry Investment Management LLC’s holdings in Roper Technologies were worth $229,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new position in Roper Technologies in the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Roper Technologies during the fourth quarter worth approximately $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies during the fourth quarter worth $49,000. Finally, Global Wealth Strategies & Associates grew its holdings in Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock worth $2,947,475 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Robert W. Baird set a $665.00 price target on Roper Technologies in a report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Truist Financial restated a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies Stock Performance

NYSE:ROP opened at $587.34 on Wednesday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $593.91. 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 50 day moving average price of $542.93 and a 200 day moving average price of $548.71. The stock has a market capitalization of $62.98 billion, a P/E ratio of 40.96, a PEG ratio of 2.77 and a beta of 1.05.

Roper Technologies 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.