Tranquility Partners LLC Sells 138 Shares of Roper Technologies, Inc. (NYSE:ROP)

Tranquility Partners LLC lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,183 shares of the industrial products company’s stock after selling 138 shares during the quarter. Tranquility Partners LLC’s holdings in Roper Technologies were worth $615,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Fortitude Family Office LLC acquired a new stake in Roper Technologies in the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies in the fourth quarter worth $45,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Roper Technologies during the 4th quarter worth $49,000. Finally, Global Wealth Strategies & Associates raised its holdings in Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies 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 completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders 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 Down 2.5 %

Shares of ROP opened at $566.76 on Thursday. The firm has a market capitalization of $60.77 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 2.78 and a beta of 1.05. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.43. 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 business’s fifty day moving average price is $537.88 and its two-hundred day moving average price is $545.61.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROP. Oppenheimer raised their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Mizuho increased their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.