Roper Technologies, Inc. (NYSE:ROP) CFO Jason Conley Sells 3,000 Shares

Roper Technologies, Inc. (NYSE:ROP) CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $577.67 on Wednesday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm has a market capitalization of $61.94 billion, a P/E ratio of 40.28, a P/E/G ratio of 2.76 and a beta of 1.05. The company’s 50 day moving average price is $536.31 and its two-hundred day moving average price is $544.68.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Truist Financial reaffirmed a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Oppenheimer lifted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Mizuho lifted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Hedge Funds Weigh In On Roper Technologies

A number of hedge funds have recently modified their holdings of ROP. Wellington Management Group LLP lifted its holdings in shares of Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after purchasing an additional 345,268 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Roper Technologies in the fourth quarter valued at $69,382,000. Loomis Sayles & Co. L P lifted its holdings in Roper Technologies by 25.8% in the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock valued at $360,811,000 after buying an additional 132,913 shares during the period. State Street Corp lifted its holdings in Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock valued at $2,632,199,000 after buying an additional 132,575 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Roper Technologies by 37.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock valued at $238,125,000 after buying an additional 116,523 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

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.