Richard F. Wallman Sells 351 Shares of Roper Technologies, Inc. (NYSE:ROP) Stock

Roper Technologies, Inc. (NYSE:ROPGet Free Report) Director Richard F. Wallman sold 351 shares of the company’s 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 trade represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Roper Technologies Price Performance

NYSE ROP opened at $577.67 on Wednesday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.31. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market cap of $61.94 billion, a price-to-earnings ratio of 40.28, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The company has a 50-day moving average price of $536.31 and a two-hundred day moving average price of $544.68.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ROP shares. Truist Financial restated a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird upped their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer increased their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $622.30.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ledyard National Bank grew its position in Roper Technologies by 2.1% in the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after purchasing an additional 18 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Roper Technologies by 1.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock valued at $592,000 after acquiring an additional 18 shares in the last quarter. Meridian Financial Partners LLC boosted its holdings in shares of Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock valued at $1,067,000 after acquiring an additional 20 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of Roper Technologies by 0.5% in the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock valued at $2,231,000 after acquiring an additional 20 shares in the last quarter. Finally, Exchange Capital Management Inc. boosted its holdings in shares of Roper Technologies by 0.7% in the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock valued at $1,426,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

About Roper Technologies

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Roper Technologies (NYSE:ROP)

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