Callan Capital LLC Cuts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Callan Capital LLC trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 410 shares of the industrial products company’s stock after selling 94 shares during the period. Callan Capital LLC’s holdings in Roper Technologies were worth $213,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ROP. Fortitude Family Office LLC purchased a new position in Roper Technologies in the 3rd quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Roper Technologies by 7,500.0% during 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 acquiring an additional 75 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Roper Technologies in the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Roper Technologies in the fourth quarter worth approximately $49,000. Finally, Global Wealth Strategies & Associates increased its position 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 worth $52,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Down 1.3 %

ROP stock opened at $574.05 on Monday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $584.43. The firm has a market cap of $61.55 billion, a PE ratio of 40.03, a PEG ratio of 2.77 and a beta of 1.05. The firm’s 50 day moving average price is $541.23 and its 200-day moving average price is $547.90. 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 brokerages have weighed in on ROP. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Raymond James reissued a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Oppenheimer boosted their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating 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, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $623.60.

Insiders Place Their Bets

In other news, VP Brandon L. Cross sold 750 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,101 shares of company stock valued at $2,947,475 over the last quarter. 0.87% of the stock is owned by insiders.

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.