Legato Capital Management LLC Has $1.50 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Legato Capital Management LLC reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 25.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,890 shares of the industrial products company’s stock after selling 995 shares during the quarter. Legato Capital Management LLC’s holdings in Roper Technologies were worth $1,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC bought a new position in shares of Roper Technologies in the 3rd quarter worth $211,000. Ritholtz Wealth Management raised 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 worth $434,000 after buying an additional 27 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Roper Technologies in the third quarter valued at $1,021,000. CX Institutional increased its position in shares of Roper Technologies by 7.2% during the third quarter. CX Institutional now owns 2,262 shares of the industrial products company’s stock worth $1,259,000 after acquiring an additional 152 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of Roper Technologies by 1.7% during the third quarter. Vontobel Holding Ltd. now owns 115,507 shares of the industrial products company’s stock worth $64,273,000 after acquiring an additional 1,889 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Brandon L. Cross sold 750 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,101 shares of company stock worth $2,947,475 in the last quarter. Insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Oppenheimer lifted their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Barclays cut their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Robert W. Baird increased 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $622.30.

Roper Technologies Stock Performance

NYSE ROP 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. 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. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.43. The company has a 50-day simple moving average of $537.88 and a 200 day simple moving average of $545.61.

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.