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

Private Advisor Group LLC reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,219 shares of the industrial products company’s stock after selling 119 shares during the period. Private Advisor Group LLC’s holdings in Roper Technologies were worth $2,713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ROP. International Assets Investment Management LLC increased its holdings in Roper Technologies by 59,642.3% in the third quarter. International Assets Investment Management LLC now owns 62,132 shares of the industrial products company’s stock valued at $34,573,000 after buying an additional 62,028 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Roper Technologies by 57.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,154 shares of the industrial products company’s stock valued at $2,311,000 after acquiring an additional 1,522 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Roper Technologies by 11.9% during the third quarter. Arkadios Wealth Advisors now owns 1,387 shares of the industrial products company’s stock worth $772,000 after purchasing an additional 147 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Roper Technologies by 1.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 185,413 shares of the industrial products company’s stock worth $102,350,000 after purchasing an additional 2,481 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Roper Technologies by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 12,462 shares of the industrial products company’s stock valued at $6,934,000 after purchasing an additional 825 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Activity

In other news, VP John K. Stipancich sold 1,000 shares of Roper Technologies 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 transaction, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction that occurred on 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 owns 1,329 shares of the company’s stock, valued at $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. In the last ninety days, insiders have sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is owned by company insiders.

Roper Technologies Stock Performance

Shares of ROP opened at $576.58 on Tuesday. The firm has a market capitalization of $61.83 billion, a PE ratio of 40.21, a P/E/G ratio of 2.77 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $541.92 and a 200 day moving average price of $548.28. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.43.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ROP shares. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer upped their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Truist Financial restated a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies Company 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.