Insider Selling: Roper Technologies, Inc. (NYSE:ROP) VP Sells $433,372.50 in Stock

Roper Technologies, Inc. (NYSE:ROP) VP Brandon L. Cross sold 750 shares of the business’s 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 completion of the sale, the vice president now directly owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Roper Technologies Stock Up 0.6 %

NYSE ROP traded up $3.75 during trading on Wednesday, reaching $581.42. 484,760 shares of the company’s stock were exchanged, compared to its average volume of 707,439. The firm has a market capitalization of $62.35 billion, a PE ratio of 40.55, a P/E/G ratio of 2.76 and a beta of 1.05. 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 current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $536.63 and its 200-day simple moving average is $544.75.

Hedge Funds Weigh In On Roper Technologies

A number of hedge funds have recently modified their holdings of ROP. Fortitude Family Office LLC acquired a new stake in shares of Roper Technologies in the 3rd quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. lifted 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 buying an additional 75 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies during the 4th quarter worth about $45,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Roper Technologies during the 4th quarter valued at about $49,000. Finally, Global Wealth Strategies & Associates raised its stake in shares of Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 33 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. 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 report on Friday, January 31st. Raymond James reissued a “strong-buy” rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Royal Bank of Canada decreased their price objective 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. Barclays dropped 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. Finally, Mizuho boosted their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies Company 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.