Montag A & Associates Inc. Decreases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Montag A & Associates Inc. lessened its position in Roper Technologies, Inc. (NYSE:ROP) by 9.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,367 shares of the industrial products company’s stock after selling 537 shares during the period. Montag A & Associates Inc.’s holdings in Roper Technologies were worth $2,790,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Roxbury Financial LLC bought a new stake in shares of Roper Technologies in the fourth quarter worth about $1,025,000. Lord & Richards Wealth Management LLC purchased a new position in shares of Roper Technologies during the fourth quarter valued at approximately $492,000. Manchester Capital Management LLC raised its holdings in shares of Roper Technologies by 1.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock valued at $592,000 after acquiring an additional 18 shares in the last quarter. WealthPlan Investment Management LLC lifted its stake in Roper Technologies by 18.1% in the fourth quarter. WealthPlan Investment Management LLC now owns 5,884 shares of the industrial products company’s stock worth $3,059,000 after acquiring an additional 900 shares during the period. Finally, Klingenstein Fields & Co. LP boosted its holdings in Roper Technologies by 0.4% in the fourth quarter. Klingenstein Fields & Co. LP now owns 39,351 shares of the industrial products company’s stock valued at $20,457,000 after acquiring an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the subject of several research analyst reports. Oppenheimer raised their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Royal Bank of Canada lowered their target price 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. Barclays decreased their price objective 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, Raymond James restated a “strong-buy” rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus target price of $622.30.

Roper Technologies Stock Performance

Shares of ROP stock opened at $573.58 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 40.00, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $584.43. The company’s 50-day moving average is $538.46 and its 200 day moving average is $546.15.

Insider Activity

In related news, Director Richard F. Wallman sold 351 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now directly owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Brandon L. Cross sold 750 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock worth $2,947,475 over the last 90 days. 0.87% of the stock is currently owned by insiders.

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.