Roper Technologies, Inc. (NYSE:ROP) Director Richard F. Wallman Sells 351 Shares

Roper Technologies, Inc. (NYSE:ROP) Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Roper Technologies Stock Performance

ROP stock opened at $581.42 on Thursday. The firm has a market cap of $62.35 billion, a PE ratio of 40.55, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. 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 stock has a 50-day moving average price of $536.63 and a 200-day moving average price of $544.75. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.31.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ROP. Mizuho boosted their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada lowered their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Oppenheimer raised their price target 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. Finally, Robert W. Baird boosted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $622.30.

Institutional Investors Weigh In On Roper Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in shares of Roper Technologies by 5.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock worth $19,282,000 after buying an additional 1,789 shares during the period. Citigroup Inc. boosted its stake in Roper Technologies by 17.6% during the third quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock worth $106,050,000 after acquiring an additional 28,555 shares in the last quarter. Douglas Lane & Associates LLC grew its holdings in Roper Technologies by 18.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after purchasing an additional 17,466 shares during the period. Synovus Financial Corp increased its stake in Roper Technologies by 19.6% in the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after purchasing an additional 961 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Roper Technologies by 8.5% during the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock valued at $280,113,000 after purchasing an additional 42,016 shares during the period. 93.31% of the stock is currently owned by institutional investors.

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.