Ingalls & Snyder LLC Sells 787 Shares of Roper Technologies, Inc. (NYSE:ROP)

Ingalls & Snyder LLC lowered its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,021 shares of the industrial products company's stock after selling 787 shares during the period. Roper Technologies comprises 1.1% of Ingalls & Snyder LLC's holdings, making the stock its 17th largest position. Ingalls & Snyder LLC owned approximately 0.05% of Roper Technologies worth $28,603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its position in Roper Technologies by 369.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,677 shares of the industrial products company's stock worth $12,679,000 after purchasing an additional 19,423 shares during the last quarter. Schwartz Investment Counsel Inc. boosted its position in Roper Technologies by 22.2% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 137,700 shares of the industrial products company's stock worth $71,583,000 after purchasing an additional 25,000 shares during the last quarter. Portfolio Design Labs LLC raised its stake in shares of Roper Technologies by 20.1% in the fourth quarter. Portfolio Design Labs LLC now owns 6,063 shares of the industrial products company's stock valued at $3,152,000 after buying an additional 1,016 shares during the period. Arlington Partners LLC raised its stake in shares of Roper Technologies by 13.9% in the fourth quarter. Arlington Partners LLC now owns 7,962 shares of the industrial products company's stock valued at $4,139,000 after buying an additional 970 shares during the period. Finally, Elevate Capital Advisors LLC bought a new stake in shares of Roper Technologies in the fourth quarter valued at $1,504,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insiders Place Their Bets

In other news, VP John K. Stipancich sold 1,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of the company's stock in a transaction dated 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 owns 20,187 shares of the company's stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock worth $2,947,475 in the last ninety days. 0.87% of the stock is currently owned by insiders.

Roper Technologies Price Performance

NYSE ROP traded up $0.15 during trading on Friday, reaching $573.58. The company's stock had a trading volume of 353,178 shares, compared to its average volume of 665,349. The stock has a market capitalization of $61.50 billion, a PE ratio of 40.00, a P/E/G ratio of 2.78 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 firm has a fifty day moving average of $538.46 and a 200 day moving average of $546.15. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $584.43.

Wall Street Analysts Forecast Growth

ROP has been the topic of several research reports. Raymond James restated a "strong-buy" rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and boosted their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer boosted 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, Barclays decreased their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $622.30.

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.