Hartford Investment Management Co. Sells 128 Shares of Roper Technologies, Inc. (NYSE:ROP)

Hartford Investment Management Co. reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,620 shares of the industrial products company’s stock after selling 128 shares during the quarter. Hartford Investment Management Co.’s holdings in Roper Technologies were worth $3,441,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Ledyard National Bank raised its stake in shares of Roper Technologies by 2.1% in the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC raised its stake in shares of Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock valued at $1,067,000 after buying an additional 20 shares during the period. Cromwell Holdings LLC raised its stake in shares of Roper Technologies by 6.8% in the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock valued at $185,000 after buying an additional 21 shares during the period. Hibernia Wealth Partners LLC raised its stake in shares of Roper Technologies by 4.2% in the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock valued at $291,000 after buying an additional 21 shares during the period. Finally, Ballast Advisors LLC grew its position in shares of Roper Technologies by 1.3% in the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after purchasing an additional 21 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of the business’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 completion of the sale, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

ROP opened at $566.76 on Thursday. The stock has a 50-day moving average price of $537.88 and a 200-day moving average price of $545.61. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.43. 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 stock has a market capitalization of $60.77 billion, a P/E ratio of 31.85, a PEG ratio of 2.78 and a beta of 1.05.

Analyst Ratings Changes

ROP has been the subject of several recent research reports. Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Truist Financial reiterated a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Royal Bank of Canada reduced their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.