WealthPLAN Partners LLC Sells 693 Shares of Roper Technologies, Inc. (NYSE:ROP)

WealthPLAN Partners LLC cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,861 shares of the industrial products company's stock after selling 693 shares during the quarter. WealthPLAN Partners LLC's holdings in Roper Technologies were worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ROP. Wellington Management Group LLP lifted its stake in Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock worth $410,977,000 after purchasing an additional 345,268 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Roper Technologies in the fourth quarter worth about $69,382,000. Loomis Sayles & Co. L P lifted its stake in shares of Roper Technologies by 25.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock valued at $360,811,000 after acquiring an additional 132,913 shares during the last quarter. State Street Corp boosted its holdings in Roper Technologies by 2.9% during the 3rd 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 period. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Roper Technologies by 37.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company's stock worth $238,125,000 after acquiring an additional 116,523 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of analyst reports. Oppenheimer increased their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. 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. Truist Financial reiterated a "buy" rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Robert W. Baird upped their price objective 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $622.30.

Insider Buying and Selling

In other news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now owns 1,329 shares of the company's stock, valued at $767,936.07. The trade was a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. 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 90 days. Insiders own 0.87% of the company's stock.

Roper Technologies Stock Up 0.8 %

ROP traded up $4.51 during midday trading on Wednesday, reaching $577.04. The company's stock had a trading volume of 477,980 shares, compared to its average volume of 658,706. The stock's 50-day moving average is $539.42 and its 200-day moving average is $546.62. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $584.43. The firm has a market capitalization of $61.88 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 2.74 and a beta of 1.05. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

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.