Schmidt P J Investment Management Inc. Lowers Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Schmidt P J Investment Management Inc. cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,176 shares of the industrial products company’s stock after selling 120 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Roper Technologies were worth $3,730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ROP. Czech National Bank grew its position in shares of Roper Technologies by 7.1% in the third quarter. Czech National Bank now owns 21,837 shares of the industrial products company’s stock valued at $12,151,000 after purchasing an additional 1,439 shares during the period. GAMMA Investing LLC lifted its position in shares of Roper Technologies by 19.6% in the third quarter. GAMMA Investing LLC now owns 671 shares of the industrial products company’s stock valued at $373,000 after acquiring an additional 110 shares in the last quarter. Everpar Advisors LLC acquired a new stake in shares of Roper Technologies in the third quarter worth approximately $201,000. Mather Group LLC. increased its position in shares of Roper Technologies by 15.7% during the third quarter. Mather Group LLC. now owns 662 shares of the industrial products company’s stock worth $368,000 after purchasing an additional 90 shares in the last quarter. Finally, Brookstone Capital Management lifted its holdings in Roper Technologies by 2.0% in the 3rd quarter. Brookstone Capital Management now owns 1,133 shares of the industrial products company’s stock valued at $631,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP opened at $581.42 on Thursday. The firm has a 50-day simple moving average of $536.63 and a two-hundred day simple moving average of $544.75. The stock has a market cap of $62.35 billion, a PE ratio of 31.42, a P/E/G ratio of 2.76 and a beta of 1.05. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of research reports. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. JPMorgan Chase & Co. increased their price objective on shares of 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 from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Royal Bank of Canada reduced their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $622.30.

Insider Activity at Roper Technologies

In other news, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares in the company, valued at $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 SEC, which is available at the SEC website. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,101 shares of company stock worth $2,947,475. Insiders own 0.87% of the company’s stock.

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.