John K. Stipancich Sells 1,000 Shares of Roper Technologies, Inc. (NYSE:ROP) Stock

Roper Technologies, Inc. (NYSE:ROP) VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Roper Technologies Stock Performance

NYSE ROP opened at $577.67 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 stock has a market cap of $61.94 billion, a price-to-earnings ratio of 40.28, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.31. The business has a fifty day moving average of $536.31 and a 200-day moving average of $544.68.

Institutional Inflows and Outflows

A number of 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 second quarter. Truist Financial Corp now owns 9,986 shares of the industrial products company’s stock valued at $5,629,000 after buying an additional 238 shares during the last quarter. Cetera Investment Advisers raised its holdings in Roper Technologies by 4.1% in the 2nd quarter. Cetera Investment Advisers now owns 21,178 shares of the industrial products company’s stock valued at $11,937,000 after acquiring an additional 838 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Roper Technologies during the 2nd quarter worth $2,576,000. Czech National Bank grew its position in shares of 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 period. Finally, GAMMA Investing LLC increased its stake in Roper Technologies by 19.6% in the third quarter. GAMMA Investing LLC now owns 671 shares of the industrial products company’s stock valued at $373,000 after purchasing an additional 110 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on ROP shares. Barclays cut their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. 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 stock. Based on data from MarketBeat.com, the stock 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.