Brandon L. Cross Sells 750 Shares of Roper Technologies, Inc. (NYSE:ROP) Stock

Roper Technologies, Inc. (NYSE:ROP) VP Brandon L. Cross sold 750 shares of Roper Technologies 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 represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Roper Technologies Stock Performance

Shares of ROP stock opened at $583.42 on Friday. The stock has a market cap of $62.56 billion, a PE ratio of 40.68, 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 stock has a fifty day moving average price of $536.97 and a 200 day moving average price of $545.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Oppenheimer raised their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research 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 report on Friday, January 31st. Royal Bank of Canada lowered their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note 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 equities 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’s stock. According to MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $622.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truist Financial Corp raised its position in shares of Roper Technologies by 2.4% in the 2nd quarter. Truist Financial Corp now owns 9,986 shares of the industrial products company’s stock worth $5,629,000 after buying an additional 238 shares during the period. Sanctuary Advisors LLC acquired a new position in Roper Technologies in the 2nd quarter worth $2,576,000. Czech National Bank boosted its holdings in 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 last quarter. GAMMA Investing LLC grew its position in shares of Roper Technologies by 19.6% during the third quarter. GAMMA Investing LLC now owns 671 shares of the industrial products company’s stock worth $373,000 after buying an additional 110 shares in the last quarter. Finally, Everpar Advisors LLC acquired a new stake in Roper Technologies in the third quarter valued at $201,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

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.