Verity Asset Management Inc. Reduces Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Verity Asset Management Inc. reduced its holdings in Roper Technologies, Inc. (NYSE:ROP) by 51.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 542 shares of the industrial products company’s stock after selling 580 shares during the period. Verity Asset Management Inc.’s holdings in Roper Technologies were worth $282,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. CENTRAL TRUST Co boosted its holdings in shares of Roper Technologies by 120.2% in the 4th quarter. CENTRAL TRUST Co now owns 229 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 125 shares during the last quarter. River Street Advisors LLC boosted its holdings in shares of Roper Technologies by 16.6% in the 4th quarter. River Street Advisors LLC now owns 985 shares of the industrial products company’s stock valued at $512,000 after acquiring an additional 140 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Roper Technologies by 1.2% in the 4th quarter. DAVENPORT & Co LLC now owns 2,637 shares of the industrial products company’s stock valued at $1,371,000 after acquiring an additional 32 shares during the last quarter. Western Financial Corp CA boosted its holdings in Roper Technologies by 3.2% during the fourth quarter. Western Financial Corp CA now owns 1,809 shares of the industrial products company’s stock worth $940,000 after buying an additional 56 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its holdings in Roper Technologies by 28.3% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 1,745 shares of the industrial products company’s stock worth $907,000 after buying an additional 385 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard F. Wallman sold 351 shares of the 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 in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,351 shares of company stock worth $2,514,103 over the last three months. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Truist Financial reissued a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Mizuho increased their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $622.30.

Roper Technologies Stock Performance

NYSE:ROP opened at $577.67 on Wednesday. The company has a fifty day moving average of $536.31 and a two-hundred day moving average of $544.68. The stock has a market capitalization of $61.94 billion, a PE ratio of 40.28, a P/E/G ratio of 2.76 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.31.

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.