Nelson Capital Management LLC Sells 194 Shares of Roper Technologies, Inc. (NYSE:ROP)

Nelson Capital Management LLC trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,613 shares of the industrial products company’s stock after selling 194 shares during the period. Roper Technologies comprises about 0.8% of Nelson Capital Management LLC’s portfolio, making the stock its 27th largest position. Nelson Capital Management LLC’s holdings in Roper Technologies were worth $4,997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ROP. Fortitude Family Office LLC acquired a new position in Roper Technologies in the 3rd quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. increased its stake in 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 purchased a new stake in shares of Roper Technologies in the 4th quarter valued at about $45,000. Ameliora Wealth Management Ltd. purchased a new stake in Roper Technologies in the 4th quarter valued at $49,000. Finally, Global Wealth Strategies & Associates raised its stake in Roper Technologies by 49.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $587.34 on Wednesday. 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 business has a 50 day moving average price of $542.93 and a 200 day moving average price of $548.71. The company has a market cap of $62.98 billion, a price-to-earnings ratio of 40.96, a PEG ratio of 2.77 and a beta of 1.05. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $593.91.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ROP shares. JPMorgan Chase & Co. lifted their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Truist Financial reissued a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays cut their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have given 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 has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Insiders Place Their Bets

In related news, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred 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 $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is currently owned by company insiders.

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.