Stephens Inc. AR Sells 498 Shares of Roper Technologies, Inc. (NYSE:ROP)

Stephens Inc. AR lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,226 shares of the industrial products company’s stock after selling 498 shares during the period. Stephens Inc. AR’s holdings in Roper Technologies were worth $5,316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ROP. Fortitude Family Office LLC bought a new stake in Roper Technologies in the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after buying an additional 75 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Roper Technologies during the 4th quarter valued at $45,000. Ameliora Wealth Management Ltd. bought a new stake in Roper Technologies in the 4th quarter worth $49,000. Finally, Global Wealth Strategies & Associates raised its stake in shares of Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

ROP has been the topic of several recent analyst reports. Royal Bank of Canada cut their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Mizuho upped their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird lifted their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Raymond James restated a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Oppenheimer lifted their target price 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. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $622.30.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 351 shares of the 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares of the company’s stock, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,101 shares of company stock valued at $2,947,475. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Performance

Shares of ROP opened at $574.52 on Tuesday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.43. 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 stock has a market cap of $61.61 billion, a P/E ratio of 40.06, a P/E/G ratio of 2.78 and a beta of 1.05. The business’s 50 day moving average price is $537.48 and its 200-day moving average price is $545.14.

Roper Technologies 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.