Duncker Streett & Co. Inc. Cuts Holdings in Roper Technologies, Inc. (NYSE:ROP)

Duncker Streett & Co. Inc. cut its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,768 shares of the industrial products company’s stock after selling 107 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Roper Technologies were worth $2,479,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its position in Roper Technologies by 7,500.0% in the fourth 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 period. Golden State Wealth Management LLC bought a new stake in Roper Technologies in the fourth quarter worth about $45,000. Ameliora Wealth Management Ltd. bought a new stake in Roper Technologies in the fourth quarter worth about $49,000. Global Wealth Strategies & Associates raised its position in Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 33 shares during the period. Finally, Versant Capital Management Inc raised its position in Roper Technologies by 40.7% in the fourth quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 33 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

Roper Technologies stock opened at $584.50 on Friday. The firm’s 50 day simple moving average is $546.10 and its 200 day simple moving average is $549.67. 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 market capitalization 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 1-year low of $499.47 and a 1-year high of $593.91.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were 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. This represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,101 shares of company stock valued at $4,712,045. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ROP. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their price objective 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 issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays lowered 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. boosted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Oppenheimer boosted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. 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 stock. According to MarketBeat, the stock 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.