Csenge Advisory Group Trims Stake in Roper Technologies, Inc. (NYSE:ROP)

Csenge Advisory Group decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,293 shares of the industrial products company’s stock after selling 68 shares during the quarter. Csenge Advisory Group’s holdings in Roper Technologies were worth $672,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ROP. Bleakley Financial Group LLC increased its holdings in Roper Technologies by 2.3% in the third quarter. Bleakley Financial Group LLC now owns 2,314 shares of the industrial products company’s stock valued at $1,288,000 after buying an additional 51 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Roper Technologies by 3.8% in the 3rd quarter. Blue Trust Inc. now owns 730 shares of the industrial products company’s stock valued at $412,000 after purchasing an additional 27 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in Roper Technologies by 15.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 2,881 shares of the industrial products company’s stock worth $1,603,000 after purchasing an additional 380 shares during the period. Arlington Partners LLC boosted its position in Roper Technologies by 16.6% during the third quarter. Arlington Partners LLC now owns 6,992 shares of the industrial products company’s stock worth $3,891,000 after purchasing an additional 997 shares in the last quarter. Finally, Suncoast Equity Management grew its holdings in Roper Technologies by 3.9% in the third quarter. Suncoast Equity Management now owns 1,386 shares of the industrial products company’s stock valued at $771,000 after purchasing an additional 52 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 trade 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 hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the company’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 value of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,101 shares of company stock valued at $2,947,475. 0.87% of the stock is currently owned by insiders.

Roper Technologies Stock Performance

NYSE ROP opened at $573.58 on Tuesday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.43. The firm has a market capitalization of $61.50 billion, a P/E ratio of 40.00, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The stock’s fifty day moving average is $538.46 and its two-hundred day moving average is $546.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Raymond James restated a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial reiterated a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Barclays reduced their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target 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.