Jacobi Capital Management LLC Trims Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Jacobi Capital Management LLC lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,560 shares of the industrial products company’s stock after selling 74 shares during the period. Jacobi Capital Management LLC’s holdings in Roper Technologies were worth $2,370,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Assenagon Asset Management S.A. boosted its holdings in Roper Technologies by 57.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,154 shares of the industrial products company’s stock worth $2,311,000 after buying an additional 1,522 shares during the last quarter. abrdn plc increased its position in shares of Roper Technologies by 58.9% during the third quarter. abrdn plc now owns 35,495 shares of the industrial products company’s stock worth $19,714,000 after acquiring an additional 13,153 shares during the period. Strategic Blueprint LLC boosted its stake in Roper Technologies by 29.9% in the third quarter. Strategic Blueprint LLC now owns 764 shares of the industrial products company’s stock valued at $425,000 after acquiring an additional 176 shares in the last quarter. Oak Ridge Investments LLC boosted its stake in Roper Technologies by 5.4% in the third quarter. Oak Ridge Investments LLC now owns 15,139 shares of the industrial products company’s stock valued at $8,424,000 after acquiring an additional 782 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in Roper Technologies by 10.4% in the third quarter. Stephens Investment Management Group LLC now owns 26,467 shares of the industrial products company’s stock valued at $14,727,000 after acquiring an additional 2,494 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 over the last ninety days. 0.87% of the stock is currently owned by insiders.

Roper Technologies Trading Up 2.1 %

Shares of Roper Technologies stock opened at $584.50 on Friday. The company has a 50-day moving average of $546.10 and a two-hundred day moving average of $549.50. The stock has a market cap of $62.68 billion, a PE ratio of 40.76, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month 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.

Analysts Set New Price Targets

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