Marks Group Wealth Management Inc Trims Stake in Roper Technologies, Inc. (NYSE:ROP)

Marks Group Wealth Management Inc cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.8% during the 4th quarter, Holdings Channel reports. The fund owned 20,531 shares of the industrial products company’s stock after selling 377 shares during the period. Roper Technologies comprises 1.1% of Marks Group Wealth Management Inc’s portfolio, making the stock its 16th biggest holding. Marks Group Wealth Management Inc’s holdings in Roper Technologies were worth $10,673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ROP. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. boosted 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 worth $40,000 after purchasing an additional 75 shares during the period. Golden State Wealth Management LLC purchased 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 valued at $49,000. Finally, Global Wealth Strategies & Associates raised 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 valued at $52,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 1.2 %

NYSE ROP opened at $581.35 on Wednesday. The stock has a 50 day moving average price of $537.59 and a 200-day moving average price of $545.38. Roper Technologies, Inc. has a one year low of $499.47 and a one year 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 company has a market capitalization of $62.34 billion, a P/E ratio of 31.85, a P/E/G ratio of 2.78 and a beta of 1.05.

Analyst Ratings Changes

ROP has been the subject of a number of analyst reports. Robert W. Baird increased their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Mizuho increased their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Truist Financial reissued a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer upped their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Raymond James reiterated a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $622.30.

Insider Activity at Roper Technologies

In other news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock valued at $2,947,475 over the last 90 days. 0.87% of the stock is owned by corporate insiders.

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.