Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.7% in the 4th quarter, Holdings Channel reports. The fund owned 17,847 shares of the industrial products company’s stock after selling 488 shares during the period. Bahl & Gaynor Inc.’s holdings in Roper Technologies were worth $9,278,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ROP. Wellington Management Group LLP grew its stake in shares of Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after acquiring an additional 345,268 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Roper Technologies by 59,278.6% during the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock valued at $145,697,000 after acquiring an additional 279,795 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Roper Technologies during the fourth quarter valued at about $69,382,000. Loomis Sayles & Co. L P grew its stake in shares of Roper Technologies by 25.8% during the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock valued at $360,811,000 after acquiring an additional 132,913 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Roper Technologies by 2.9% during the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock valued at $2,632,199,000 after acquiring an additional 132,575 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROP has been the topic of several research analyst reports. 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 research report on Tuesday, January 28th. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and set a $675.00 price target (up previously 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 given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $584.83 on Wednesday. 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’s 50-day moving average price is $548.45 and its two-hundred day moving average price is $550.36. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $593.91. The stock has a market capitalization of $62.80 billion, a P/E ratio of 40.78, a P/E/G ratio of 2.77 and a beta of 1.05.

Insiders Place Their Bets

In other news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now directly 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 valued at $4,712,045 over the last quarter. Insiders own 0.87% of the company’s stock.

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.