Geneva Capital Management LLC Has $22.45 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Geneva Capital Management LLC cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 11.2% in the fourth quarter, Holdings Channel reports. The firm owned 43,177 shares of the industrial products company’s stock after selling 5,457 shares during the quarter. Geneva Capital Management LLC’s holdings in Roper Technologies were worth $22,445,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ROP. QRG Capital Management Inc. grew 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 worth $1,068,000 after purchasing an additional 130 shares during the period. United Advisor Group LLC grew its stake in shares of Roper Technologies by 26.2% during the third quarter. United Advisor Group LLC now owns 862 shares of the industrial products company’s stock worth $480,000 after purchasing an additional 179 shares during the period. Marks Group Wealth Management Inc grew its stake in shares of Roper Technologies by 278.6% during the third quarter. Marks Group Wealth Management Inc now owns 20,908 shares of the industrial products company’s stock worth $11,634,000 after purchasing an additional 15,386 shares during the period. Ballast Advisors LLC grew its stake in shares of Roper Technologies by 1.3% during the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after purchasing an additional 21 shares during the period. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Roper Technologies by 9.1% during the third quarter. Concurrent Investment Advisors LLC now owns 3,819 shares of the industrial products company’s stock worth $2,125,000 after purchasing an additional 320 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 transaction of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. The trade was a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 over the last three months. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ROP shares. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Robert W. Baird set a $665.00 target price on Roper Technologies in a report on Friday, January 31st. Oppenheimer lifted 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. Finally, Barclays reduced their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. One equities research 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $593.81 on Thursday. The firm has a market cap of $63.77 billion, a price-to-earnings ratio of 41.41, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The stock’s 50-day moving average is $549.76 and its 200-day moving average is $550.66. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies 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.