Choreo LLC Sells 583 Shares of Roper Technologies, Inc. (NYSE:ROP)

Choreo LLC reduced its holdings in Roper Technologies, Inc. (NYSE:ROP) by 13.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,820 shares of the industrial products company’s stock after selling 583 shares during the quarter. Choreo LLC’s holdings in Roper Technologies were worth $1,986,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Ledyard National Bank increased its holdings in shares of Roper Technologies by 2.1% during the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after acquiring an additional 18 shares in the last quarter. Meridian Financial Partners LLC increased its holdings in shares of 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 valued at $1,067,000 after acquiring an additional 20 shares in the last quarter. Cromwell Holdings LLC increased its holdings in shares of Roper Technologies by 6.8% during the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 21 shares in the last quarter. Hibernia Wealth Partners LLC increased its holdings in shares of Roper Technologies by 4.2% during the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock valued at $291,000 after acquiring an additional 21 shares in the last quarter. Finally, Ballast Advisors LLC increased its holdings in shares of Roper Technologies by 1.3% during the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after acquiring an additional 21 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,101 shares of company stock valued at $2,947,475. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 1.8 %

ROP stock opened at $572.76 on Friday. The stock’s fifty day simple moving average is $537.35 and its two-hundred day simple moving average is $545.28. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.44. The stock has a market cap of $61.42 billion, a P/E ratio of 39.94, a P/E/G ratio of 2.76 and a beta of 1.05.

Wall Street Analyst Weigh In

ROP has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Raymond James restated a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Barclays decreased their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird upped their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $622.30.

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.