Pittenger & Anderson Inc. Reduces Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Pittenger & Anderson Inc. decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 17.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,846 shares of the industrial products company's stock after selling 3,700 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Roper Technologies were worth $9,277,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ROP. PNC Financial Services Group Inc. lifted its position in Roper Technologies by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company's stock valued at $19,282,000 after purchasing an additional 1,789 shares during the last quarter. Citigroup Inc. lifted its position in Roper Technologies by 17.6% in the third quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company's stock valued at $106,050,000 after purchasing an additional 28,555 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in Roper Technologies by 18.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after purchasing an additional 17,466 shares during the last quarter. Synovus Financial Corp lifted its position in Roper Technologies by 19.6% in the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after purchasing an additional 961 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of Roper Technologies by 52.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company's stock valued at $2,747,000 after acquiring an additional 1,699 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction dated Friday, January 31st. The shares were 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 approximately $11,612,571.75. This represents a 1.71 % 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 valued at $2,947,475 over the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Up 0.8 %

Shares of NYSE ROP traded up $4.38 during trading on Thursday, reaching $581.42. The company had a trading volume of 474,667 shares, compared to its average volume of 653,126. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.43. The stock has a market cap of $62.35 billion, a PE ratio of 40.55, a P/E/G ratio of 2.73 and a beta of 1.05. The business's 50-day moving average is $539.96 and its 200 day moving average is $546.84. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Wall Street Analyst Weigh In

ROP has been the subject of a number of recent analyst reports. TD Cowen upgraded 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 report on Tuesday, January 28th. Barclays decreased their target price on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped 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. Truist Financial restated a "buy" rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Robert W. Baird upped 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $622.30.

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.