Ingalls & Snyder LLC Cuts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Ingalls & Snyder LLC lessened its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,021 shares of the industrial products company’s stock after selling 787 shares during the period. Roper Technologies comprises approximately 1.1% of Ingalls & Snyder LLC’s holdings, making the stock its 17th biggest holding. Ingalls & Snyder LLC’s holdings in Roper Technologies were worth $28,603,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Valeo Financial Advisors LLC acquired a new stake in Roper Technologies during the 3rd quarter valued at $211,000. Ritholtz Wealth Management grew its holdings in Roper Technologies by 3.6% during the 3rd quarter. Ritholtz Wealth Management now owns 779 shares of the industrial products company’s stock valued at $434,000 after purchasing an additional 27 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Roper Technologies during the 3rd quarter valued at $1,021,000. CX Institutional grew its holdings in Roper Technologies by 7.2% during the 3rd quarter. CX Institutional now owns 2,262 shares of the industrial products company’s stock valued at $1,259,000 after purchasing an additional 152 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in Roper Technologies by 1.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 115,507 shares of the industrial products company’s stock valued at $64,273,000 after purchasing an additional 1,889 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ROP shares. Royal Bank of Canada lowered their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Finally, Raymond James reissued a “strong-buy” rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $622.30.

Insider Transactions at Roper Technologies

In related news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is currently owned by insiders.

Roper Technologies Trading Down 2.5 %

Roper Technologies stock opened at $566.76 on Thursday. The firm’s 50-day moving average is $537.88 and its 200-day moving average is $545.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $584.43. The company has a market cap of $60.77 billion, a P/E ratio of 39.52, a PEG ratio of 2.78 and a beta of 1.05.

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.