Checchi Capital Advisers LLC Reduces Position in Roper Technologies, Inc. (NYSE:ROP)

Checchi Capital Advisers LLC decreased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 939 shares of the industrial products company’s stock after selling 35 shares during the period. Checchi Capital Advisers LLC’s holdings in Roper Technologies were worth $488,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ROP. State Street Corp boosted its holdings in shares of Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after acquiring an additional 132,575 shares during the period. Geode Capital Management LLC increased its holdings in shares of Roper Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock worth $1,357,162,000 after purchasing an additional 51,131 shares during the period. Wellington Management Group LLP boosted its stake in Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after buying an additional 345,268 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Roper Technologies by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company’s stock valued at $368,382,000 after acquiring an additional 45,947 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Roper Technologies by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company’s stock worth $361,076,000 after purchasing an additional 9,653 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction 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 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. Insiders sold 8,101 shares of company stock worth $4,712,045 over the last quarter. 0.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of research reports. Truist Financial reissued a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note 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 research note on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Oppenheimer lifted 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. Finally, Barclays dropped their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Stock Performance

ROP stock opened at $572.50 on Friday. The stock’s 50 day simple moving average is $544.92 and its 200 day simple moving average is $549.05. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $593.91. The stock has a market capitalization of $61.39 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05.

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.