Roper Technologies, Inc. (NYSE:ROP) Stake Lessened by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 994 shares of the industrial products company’s stock after selling 21 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in Roper Technologies were worth $517,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROP. Fortitude Family Office LLC bought a new position in Roper Technologies during the third quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 75 shares during the last quarter. Global Wealth Strategies & Associates boosted its position in shares of 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 purchasing an additional 33 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Roper Technologies by 40.7% in the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 33 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in Roper Technologies by 59.0% during the third quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 46 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ROP has been the topic of several research reports. Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Raymond James reiterated a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays cut their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Mizuho boosted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $622.30.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the transaction, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,101 shares of company stock valued at $2,947,475. Insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 0.6 %

Shares of NYSE:ROP opened at $581.42 on Thursday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.31. 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 firm has a market capitalization of $62.35 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The firm has a fifty day moving average of $536.63 and a two-hundred day moving average of $544.75.

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.