Jacobson & Schmitt Advisors LLC Has $6.82 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Jacobson & Schmitt Advisors LLC decreased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,127 shares of the industrial products company's stock after selling 746 shares during the quarter. Jacobson & Schmitt Advisors LLC's holdings in Roper Technologies were worth $6,824,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Roper Technologies by 3.8% in the third quarter. Blue Trust Inc. now owns 730 shares of the industrial products company's stock valued at $412,000 after acquiring an additional 27 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Roper Technologies by 21.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 354 shares of the industrial products company's stock valued at $197,000 after purchasing an additional 62 shares during the last quarter. Ledyard National Bank boosted its stake in Roper Technologies by 2.1% in the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock worth $499,000 after purchasing an additional 18 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Roper Technologies by 10.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,930 shares of the industrial products company's stock worth $2,743,000 after buying an additional 465 shares in the last quarter. Finally, Eastern Bank bought a new stake in shares of Roper Technologies during the third quarter valued at approximately $5,308,000. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Down 1.1 %

Shares of NYSE ROP traded down $6.56 during midday trading on Friday, reaching $574.86. 294,421 shares of the stock were exchanged, compared to its average volume of 641,870. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $584.43. The company has a market capitalization of $61.64 billion, a price-to-earnings ratio of 40.09, a P/E/G ratio of 2.75 and a beta of 1.05. 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 business has a 50-day simple moving average of $540.62 and a two-hundred day simple moving average of $547.08.

Insider Buying and Selling at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the company's 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 completion of the transaction, the chief financial officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now owns 1,329 shares of the company's stock, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,101 shares of company stock valued at $2,947,475. Company insiders own 0.87% of the company's stock.

Analysts Set New Price Targets

ROP has been the subject of several research analyst reports. Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Raymond James reiterated a "strong-buy" rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Robert W. Baird lifted their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $622.30.

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.