Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Advisor OS LLC

Advisor OS LLC decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386 shares of the industrial products company’s stock after selling 54 shares during the quarter. Advisor OS LLC’s holdings in Roper Technologies were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Lake Street Advisors Group LLC lifted its holdings in shares of Roper Technologies by 1.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 3,055 shares of the industrial products company’s stock valued at $1,588,000 after buying an additional 29 shares during the period. Kirtland Hills Capital Management LLC lifted its holdings in shares of Roper Technologies by 4.1% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 3,333 shares of the industrial products company’s stock valued at $1,733,000 after buying an additional 130 shares during the period. Exchange Capital Management Inc. lifted its holdings in shares of Roper Technologies by 0.7% in the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock valued at $1,426,000 after buying an additional 20 shares during the period. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Roper Technologies by 11.1% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 5,010 shares of the industrial products company’s stock valued at $2,604,000 after buying an additional 500 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of Roper Technologies by 7.9% in the fourth quarter. IFP Advisors Inc now owns 3,920 shares of the industrial products company’s stock valued at $2,040,000 after buying an additional 288 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 2.1 %

NYSE:ROP opened at $584.50 on Friday. The firm has a market capitalization of $62.68 billion, a price-to-earnings ratio of 40.76, a PEG ratio of 2.77 and a beta of 1.05. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $593.91. 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 fifty day moving average price is $546.10 and its 200 day moving average price is $549.50.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,101 shares of company stock valued at $4,712,045. Company insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ROP shares. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Robert W. Baird set a $665.00 target price on Roper Technologies in a research 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 report on Friday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $623.60.

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.