Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 231,533 shares of the industrial products company's stock after selling 5,642 shares during the quarter. Roper Technologies makes up approximately 1.1% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's investment portfolio, making the stock its 29th largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.22% of Roper Technologies worth $125,335,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock worth $410,977,000 after acquiring an additional 345,268 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Roper Technologies in the 4th quarter worth approximately $69,382,000. Loomis Sayles & Co. L P boosted its holdings in shares of Roper Technologies by 25.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock worth $360,811,000 after purchasing an additional 132,913 shares during the last quarter. State Street Corp grew its position in shares of Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company's stock valued at $2,632,199,000 after purchasing an additional 132,575 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Roper Technologies by 37.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company's stock valued at $238,125,000 after buying an additional 116,523 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Trading Down 2.5 %

Roper Technologies stock traded down $14.59 during midday trading on Wednesday, reaching $566.76. 688,502 shares of the stock traded hands, compared to its average volume of 689,153. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.43. The company has a 50-day simple moving average of $537.88 and a two-hundred day simple moving average of $545.61. The firm has a market cap of $60.77 billion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 2.78 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

Several research analysts have recently weighed in on the stock. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Mizuho boosted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Truist Financial restated a "buy" rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report 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 report on Friday, January 31st. Finally, Barclays cut 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $622.30.

Insiders Place Their Bets

In other news, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, 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 sale 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 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 directly owns 31,522 shares of the company's stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. 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 90 days. Corporate 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.