Roper Technologies, Inc. (NYSE:ROP) Shares Sold by SPC Financial Inc.

SPC Financial Inc. lessened its position in Roper Technologies, Inc. (NYSE:ROP) by 46.2% during the fourth quarter, Holdings Channel reports. The fund owned 2,902 shares of the industrial products company’s stock after selling 2,494 shares during the quarter. SPC Financial Inc.’s holdings in Roper Technologies were worth $1,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ROP. National Pension Service boosted its position in Roper Technologies by 10.7% during the 3rd quarter. National Pension Service now owns 240,120 shares of the industrial products company’s stock worth $133,612,000 after acquiring an additional 23,226 shares during the period. QRG Capital Management Inc. raised its stake in shares of Roper Technologies by 7.3% during the third quarter. QRG Capital Management Inc. now owns 1,919 shares of the industrial products company’s stock valued at $1,068,000 after purchasing an additional 130 shares in the last quarter. FSM Wealth Advisors LLC lifted its holdings in Roper Technologies by 2.0% in the third quarter. FSM Wealth Advisors LLC now owns 1,434 shares of the industrial products company’s stock worth $798,000 after purchasing an additional 28 shares during the period. Martin Investment Management LLC increased its stake in Roper Technologies by 3.5% during the 3rd quarter. Martin Investment Management LLC now owns 12,578 shares of the industrial products company’s stock valued at $6,999,000 after buying an additional 431 shares during the period. Finally, United Advisor Group LLC raised its position in shares of Roper Technologies by 26.2% during the 3rd quarter. United Advisor Group LLC now owns 862 shares of the industrial products company’s stock worth $480,000 after buying an additional 179 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 0.2 %

NYSE ROP opened at $584.83 on Wednesday. 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 1-year low of $499.47 and a 1-year high of $593.91. The firm’s fifty day simple moving average is $548.45 and its 200-day simple moving average is $550.36. The company has a market capitalization of $62.80 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 over the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on ROP shares. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Truist Financial reiterated a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 target price on Roper Technologies in a research note on Friday, January 31st. Finally, Barclays dropped their price target on shares of 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

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.