Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Lessened by Congress Asset Management Co.

Congress Asset Management Co. cut its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 75.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,417 shares of the industrial products company's stock after selling 10,527 shares during the quarter. Congress Asset Management Co.'s holdings in Roper Technologies were worth $1,777,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ledyard National Bank raised its position in Roper Technologies by 2.1% in the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock valued at $499,000 after purchasing an additional 18 shares during the period. Manchester Capital Management LLC grew its stake in shares of Roper Technologies by 1.6% during 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 grew its stake in shares of Roper Technologies by 1.0% during 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. Cromwell Holdings LLC grew its stake in shares of Roper Technologies by 6.8% during the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company's stock valued at $185,000 after acquiring an additional 21 shares in the last quarter. Finally, Hibernia Wealth Partners LLC grew its stake in shares of Roper Technologies by 4.2% during the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company's stock valued at $291,000 after acquiring an additional 21 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on ROP. Raymond James restated a "strong-buy" rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays lowered their target price on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and raised their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer raised their target price on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $622.30.

Roper Technologies Stock Performance

ROP stock traded down $7.37 during midday trading on Friday, reaching $574.05. The company had a trading volume of 634,299 shares, compared to its average volume of 652,571. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $541.23 and a 200 day moving average price of $547.47. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.43. The firm has a market capitalization of $61.56 billion, a PE ratio of 40.03, a P/E/G ratio of 2.75 and a beta of 1.05.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The stock was 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 directly owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were 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 approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,101 shares of company stock worth $2,947,475 over the last ninety days. Company insiders own 0.87% 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.