Louisiana State Employees Retirement System Sells 600 Shares of Roper Technologies, Inc. (NYSE:ROP)

Louisiana State Employees Retirement System cut its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,600 shares of the industrial products company's stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System's holdings in Roper Technologies were worth $7,070,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. CWM LLC increased its position in Roper Technologies by 18.6% during the third quarter. CWM LLC now owns 3,584 shares of the industrial products company's stock worth $1,994,000 after acquiring an additional 563 shares during the period. Valeo Financial Advisors LLC bought a new position in Roper Technologies during the third quarter worth about $211,000. Ritholtz Wealth Management increased its position in Roper Technologies by 3.6% during the third quarter. Ritholtz Wealth Management now owns 779 shares of the industrial products company's stock worth $434,000 after acquiring an additional 27 shares during the period. Exchange Traded Concepts LLC bought a new position in Roper Technologies during the third quarter worth about $1,021,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Roper Technologies by 19.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 565 shares of the industrial products company's stock worth $314,000 after acquiring an additional 93 shares during the period. 93.31% of the stock is owned by institutional investors.

Roper Technologies Price Performance

Shares of ROP traded up $0.15 during mid-day trading on Friday, reaching $573.58. The company had a trading volume of 353,178 shares, compared to its average volume of 665,349. The company's 50 day simple moving average is $538.46 and its 200 day simple moving average is $546.14. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 40.00, a P/E/G ratio of 2.78 and a beta of 1.05.

Insider Activity

In related news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred 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 sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,101 shares of company stock worth $2,947,475. Corporate insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of recent research reports. Truist Financial reaffirmed a "buy" rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Robert W. Baird raised their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Raymond James reissued a "strong-buy" rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Oppenheimer raised their target price 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. One 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.