Equitable Trust Co. Reduces Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Equitable Trust Co. lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,453 shares of the industrial products company’s stock after selling 29 shares during the quarter. Equitable Trust Co.’s holdings in Roper Technologies were worth $3,355,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ROP. Brookstone Capital Management boosted its stake in Roper Technologies by 2.0% during the third quarter. Brookstone Capital Management now owns 1,133 shares of the industrial products company’s stock worth $631,000 after buying an additional 22 shares during the period. CWM LLC boosted its stake in shares of Roper Technologies by 18.6% in the third quarter. CWM LLC now owns 3,584 shares of the industrial products company’s stock valued at $1,994,000 after purchasing an additional 563 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Roper Technologies by 551.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 945 shares of the industrial products company’s stock valued at $526,000 after purchasing an additional 800 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of Roper Technologies in the third quarter valued at approximately $211,000. Finally, Ritholtz Wealth Management boosted its stake in shares of Roper Technologies by 3.6% in 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. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,101 shares of company stock worth $2,947,475. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP opened at $572.76 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a market cap of $61.42 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The company’s 50 day simple moving average is $537.48 and its 200-day simple moving average is $545.05. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.44.

Analysts Set New Price Targets

Several research firms have recently commented on ROP. Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada reduced their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Oppenheimer raised their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One investment 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. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average 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.