Roper Technologies, Inc. (NYSE:ROP) VP Sells $578,040.00 in Stock

Roper Technologies, Inc. (NYSE:ROP) VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Roper Technologies Trading Up 0.6 %

NYSE ROP opened at $581.42 on Thursday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.31. 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 stock’s 50 day moving average price is $536.63 and its two-hundred day moving average price is $544.75. The stock has a market capitalization of $62.35 billion, a price-to-earnings ratio of 40.55, a PEG ratio of 2.76 and a beta of 1.05.

Institutional Trading of Roper Technologies

A number of institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC acquired a new stake in Roper Technologies in the 3rd quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Roper Technologies by 7,500.0% in 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 acquiring an additional 75 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $45,000. Ameliora Wealth Management Ltd. bought a new position in Roper Technologies in the fourth quarter valued at approximately $49,000. Finally, Global Wealth Strategies & Associates increased its position in shares of Roper Technologies by 49.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ROP. Barclays reduced their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Oppenheimer lifted their price target 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. Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Raymond James reiterated a “strong-buy” rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $622.30.

About Roper Technologies

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.