Roper Technologies, Inc. (NYSE:ROP) CFO Jason Conley Sells 3,000 Shares

Roper Technologies, Inc. (NYSE:ROP) CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jason Conley also recently made the following trade(s):

• On Friday, January 31st, Jason Conley sold 3,000 shares of Roper Technologies stock. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00.

Roper Technologies Price Performance

Shares of ROP traded down $12.19 on Wednesday, hitting $575.15. The company’s stock had a trading volume of 646,004 shares, compared to its average volume of 657,554. The company has a 50 day moving average price of $542.93 and a 200 day moving average price of $548.71. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $593.91. The company has a market capitalization of $61.67 billion, a PE ratio of 40.11, a PEG ratio of 2.77 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Oppenheimer upped their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. Barclays decreased their target price 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. Truist Financial reissued a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Hedge Funds Weigh In On Roper Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Roper Technologies in the fourth quarter valued at about $914,052,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company’s stock worth $2,678,009,000 after acquiring an additional 1,529,716 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Roper Technologies by 54.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock worth $531,633,000 after purchasing an additional 360,632 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after purchasing an additional 345,268 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $148,070,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Company Profile

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.