Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,021 shares of the industrial products company’s stock after selling 787 shares during the quarter. Roper Technologies accounts for approximately 1.1% of Ingalls & Snyder LLC’s portfolio, making the stock its 17th largest holding. Ingalls & Snyder LLC owned 0.05% of Roper Technologies worth $28,603,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in Roper Technologies during the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $49,000. Finally, Global Wealth Strategies & Associates grew its position in shares of Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 33 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company’s stock, 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 accessible through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock valued at $2,947,475 over the last quarter. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

NYSE:ROP opened at $566.76 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a market cap of $60.77 billion, a P/E ratio of 39.52, a P/E/G ratio of 2.78 and a beta of 1.05. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.43. The firm’s 50 day moving average is $537.88 and its two-hundred day moving average is $545.61.

Analyst Upgrades and Downgrades

ROP has been the topic of several research reports. Raymond James reiterated 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. Mizuho increased their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Barclays lowered their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $622.30.

About Roper Technologies

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.