Montag A & Associates Inc. Sells 537 Shares of Roper Technologies, Inc. (NYSE:ROP)

Montag A & Associates Inc. trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,367 shares of the industrial products company's stock after selling 537 shares during the period. Montag A & Associates Inc.'s holdings in Roper Technologies were worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of ROP. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies during the 3rd quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 75 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Roper Technologies during the 4th quarter valued at about $49,000. Finally, Global Wealth Strategies & Associates raised its holdings in Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock worth $52,000 after purchasing an additional 33 shares during the period. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ROP has been the subject of a number of research reports. Raymond James restated a "strong-buy" rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Oppenheimer raised their price target 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 boosted their target price 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. Finally, TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and increased their price objective 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 issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and an average target price of $622.30.

Insider Activity at Roper Technologies

In other news, VP Brandon L. Cross sold 750 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock valued at $2,947,475 in the last ninety days. Insiders own 0.87% of the company's stock.

Roper Technologies Stock Up 0.8 %

ROP traded up $4.38 on Thursday, reaching $581.42. The company's stock had a trading volume of 474,667 shares, compared to its average volume of 653,126. The company has a market capitalization of $62.35 billion, a price-to-earnings ratio of 40.55, a P/E/G ratio of 2.73 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.43. The stock has a 50 day moving average of $539.96 and a two-hundred day moving average of $546.84.

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.