Villere ST Denis J & Co. LLC Sells 1,710 Shares of Roper Technologies, Inc. (NYSE:ROP)

Villere ST Denis J & Co. LLC reduced its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,182 shares of the industrial products company's stock after selling 1,710 shares during the period. Roper Technologies accounts for 3.1% of Villere ST Denis J & Co. LLC's holdings, making the stock its 7th biggest holding. Villere ST Denis J & Co. LLC owned about 0.06% of Roper Technologies worth $34,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in ROP. Wellington Management Group LLP boosted its stake in shares of 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 valued at $410,977,000 after purchasing an additional 345,268 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Roper Technologies during the fourth quarter valued at approximately $69,382,000. Loomis Sayles & Co. L P boosted its stake in shares of Roper Technologies by 25.8% during the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock valued at $360,811,000 after purchasing an additional 132,913 shares in the last quarter. State Street Corp lifted its position in Roper Technologies by 2.9% during 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 acquiring an additional 132,575 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Roper Technologies by 37.4% during the third 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 acquiring an additional 116,523 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Activity at Roper Technologies

In related news, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were 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 in the company, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of analyst reports. Raymond James reissued 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. Robert W. Baird raised their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Royal Bank of Canada decreased their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Barclays decreased their price target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $622.30.

Roper Technologies Stock Performance

ROP stock traded up $4.51 during midday trading on Wednesday, hitting $577.04. 477,980 shares of the stock traded hands, compared to its average volume of 658,706. The firm has a market cap of $61.88 billion, a P/E ratio of 40.24, a PEG ratio of 2.74 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 stock's fifty day simple moving average is $539.42 and its 200-day simple moving average is $546.62. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.43.

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.