Blue Trust Inc. Decreases Stake in Roper Technologies, Inc. (NYSE:ROP)

Blue Trust Inc. lowered its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 61.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 283 shares of the industrial products company's stock after selling 447 shares during the period. Blue Trust Inc.'s holdings in Roper Technologies were worth $147,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROP. Meridian Financial Partners LLC increased its stake in shares of Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock worth $1,067,000 after acquiring an additional 20 shares during the last quarter. Cromwell Holdings LLC increased its stake in shares of Roper Technologies by 6.8% in the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company's stock worth $185,000 after acquiring an additional 21 shares during the last quarter. Hibernia Wealth Partners LLC increased its stake in shares of Roper Technologies by 4.2% in the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company's stock worth $291,000 after acquiring an additional 21 shares during the last quarter. Ballast Advisors LLC increased its stake in shares of Roper Technologies by 1.3% in the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company's stock worth $921,000 after acquiring an additional 21 shares during the last quarter. Finally, PFG Investments LLC increased its stake in shares of Roper Technologies by 1.1% in the 4th quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company's stock worth $1,011,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Down 1.3 %

Roper Technologies stock traded down $7.37 during midday trading on Friday, reaching $574.05. 634,299 shares of the stock traded hands, compared to its average volume of 652,571. The company has a 50-day simple moving average of $540.62 and a two-hundred day simple moving average of $547.08. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.43. The firm has a market cap of $61.56 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Truist Financial reaffirmed a "buy" rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer raised their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and raised their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Royal Bank of Canada cut their price objective on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $622.30.

Insider Activity at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares of the company's stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock worth $2,947,475 in the last three months. 0.87% of the stock is owned by company insiders.

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.