Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Certuity LLC

Certuity LLC cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 86.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 568 shares of the industrial products company's stock after selling 3,627 shares during the quarter. Certuity LLC's holdings in Roper Technologies were worth $295,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ROP. Portfolio Design Labs LLC increased its holdings in Roper Technologies by 20.1% in the fourth quarter. Portfolio Design Labs LLC now owns 6,063 shares of the industrial products company's stock valued at $3,152,000 after buying an additional 1,016 shares in the last quarter. Arlington Partners LLC grew its stake in Roper Technologies by 13.9% during the 4th quarter. Arlington Partners LLC now owns 7,962 shares of the industrial products company's stock valued at $4,139,000 after acquiring an additional 970 shares in the last quarter. Elevate Capital Advisors LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $1,504,000. Legacy Financial Strategies LLC increased its stake in shares of Roper Technologies by 1.1% in the 4th quarter. Legacy Financial Strategies LLC now owns 5,971 shares of the industrial products company's stock worth $3,068,000 after acquiring an additional 64 shares during the last quarter. Finally, Compass Financial Services Inc acquired a new stake in Roper Technologies during the fourth quarter worth about $154,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Oppenheimer boosted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Robert W. Baird raised their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Royal Bank of Canada cut their price objective on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $622.30.

Roper Technologies Stock Performance

Shares of Roper Technologies stock traded up $0.15 on Monday, reaching $573.58. 353,178 shares of the stock were exchanged, compared to its average volume of 665,349. 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 business has a fifty day moving average price of $538.46 and a two-hundred day moving average price of $546.16. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.43. The firm has a market capitalization of $61.50 billion, a PE ratio of 40.00, a PEG ratio of 2.78 and a beta of 1.05.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the business'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 value of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock worth $2,947,475 over the last three months. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies 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.