Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Verity Asset Management Inc.

Verity Asset Management Inc. reduced its position in shares of Roper Technologies, Inc. (NYSE:ROPFree Report) by 51.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 542 shares of the industrial products company’s stock after selling 580 shares during the quarter. Verity Asset Management Inc.’s holdings in Roper Technologies were worth $282,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ledyard National Bank boosted its stake in Roper Technologies by 2.1% during the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC boosted its stake in Roper Technologies by 1.0% during the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after buying an additional 20 shares during the period. Cromwell Holdings LLC boosted its stake in Roper Technologies by 6.8% during the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after buying an additional 21 shares during the period. Hibernia Wealth Partners LLC boosted its stake in Roper Technologies by 4.2% during the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after buying an additional 21 shares during the period. Finally, Ballast Advisors LLC boosted its stake in shares of Roper Technologies by 1.3% in the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after purchasing an additional 21 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Barclays lowered their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Mizuho raised their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, TD Cowen raised shares of 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Read Our Latest Stock Analysis on Roper Technologies

Insiders Place Their Bets

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,351 shares of company stock valued at $2,514,103. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Up 0.1 %

Shares of NYSE:ROP opened at $577.67 on Wednesday. The firm’s 50 day moving average price is $536.31 and its 200 day moving average price is $544.68. The stock has a market cap of $61.94 billion, a price-to-earnings ratio of 40.28, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.31. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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