Sawgrass Asset Management LLC Has $1.44 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Sawgrass Asset Management LLC lowered its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,773 shares of the industrial products company’s stock after selling 150 shares during the period. Sawgrass Asset Management LLC’s holdings in Roper Technologies were worth $1,442,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies during the 3rd quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. grew its position in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 75 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Roper Technologies during the 4th quarter worth $45,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Roper Technologies in the 4th quarter valued at about $49,000. Finally, Global Wealth Strategies & Associates grew its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $566.76 on Thursday. The stock has a fifty day simple moving average of $537.88 and a two-hundred day simple moving average of $545.61. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.43. The firm has a market cap of $60.77 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 2.78 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.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the 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 in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,101 shares of company stock valued at $2,947,475. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Robert W. Baird upped their price target on 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. upped their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Raymond James restated a “strong-buy” rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $622.30.

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.