Great Lakes Retirement Inc. Sells 29 Shares of Roper Technologies, Inc. (NYSE:ROP)

Great Lakes Retirement Inc. trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 646 shares of the industrial products company’s stock after selling 29 shares during the period. Great Lakes Retirement Inc.’s holdings in Roper Technologies were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ROP. Valeo Financial Advisors LLC bought a new position in Roper Technologies during the third quarter valued at $211,000. Ritholtz Wealth Management grew its holdings in Roper Technologies by 3.6% during the third quarter. Ritholtz Wealth Management now owns 779 shares of the industrial products company’s stock valued at $434,000 after purchasing an additional 27 shares during the period. Exchange Traded Concepts LLC bought a new position in Roper Technologies during the third quarter valued at $1,021,000. CX Institutional grew its holdings in Roper Technologies by 7.2% during the third quarter. CX Institutional now owns 2,262 shares of the industrial products company’s stock valued at $1,259,000 after purchasing an additional 152 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in Roper Technologies by 1.7% during the third quarter. Vontobel Holding Ltd. now owns 115,507 shares of the industrial products company’s stock valued at $64,273,000 after purchasing an additional 1,889 shares during the period. 93.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. The trade was 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. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 2.5 %

Shares of ROP stock opened at $566.76 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.43. The company has a market capitalization of $60.77 billion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The business’s fifty day moving average is $537.88 and its 200 day moving average is $545.61.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ROP shares. Mizuho increased their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird raised their price target on 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 cut their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock 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.