Crestwood Advisors Group LLC Cuts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Crestwood Advisors Group LLC lessened its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,438 shares of the industrial products company’s stock after selling 759 shares during the quarter. Crestwood Advisors Group LLC owned 0.08% of Roper Technologies worth $45,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in Roper Technologies during the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of 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 purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth $45,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Roper Technologies in the 4th quarter valued at about $49,000. Finally, Global Wealth Strategies & Associates lifted 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. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Trading Down 1.3 %

Shares of ROP stock opened at $574.05 on Monday. The company has a market capitalization of $61.55 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 2.77 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. The firm has a 50-day moving average price of $541.23 and a 200 day moving average price of $547.90. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $584.43.

Wall Street Analyst Weigh In

ROP has been the topic of several recent analyst reports. Truist Financial restated 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. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer lifted their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 target price on Roper Technologies in a report on Friday, January 31st. Finally, Barclays cut their price target 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $623.60.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Brandon L. Cross sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,101 shares of company stock worth $2,947,475 over the last ninety days. 0.87% of the stock is currently owned by corporate 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.