Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,303 shares of the industrial products company’s stock after selling 642 shares during the period. Middleton & Co. Inc. MA’s holdings in Roper Technologies were worth $4,316,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Metis Global Partners LLC lifted its holdings in shares of Roper Technologies by 4.6% during the 4th quarter. Metis Global Partners LLC now owns 4,729 shares of the industrial products company’s stock worth $2,458,000 after acquiring an additional 207 shares during the period. Maripau Wealth Management LLC purchased a new position in Roper Technologies in the fourth quarter valued at approximately $357,000. SVB Wealth LLC purchased a new position in Roper Technologies in the fourth quarter valued at approximately $551,000. Davis Rea LTD. raised its stake in shares of Roper Technologies by 224.8% during the fourth quarter. Davis Rea LTD. now owns 16,404 shares of the industrial products company’s stock valued at $8,528,000 after purchasing an additional 11,354 shares during the period. Finally, Motco raised its stake in shares of Roper Technologies by 0.6% during the fourth quarter. Motco now owns 18,802 shares of the industrial products company’s stock valued at $9,774,000 after purchasing an additional 118 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Roper Technologies Trading Up 2.1 %

Shares of NYSE:ROP opened at $584.50 on Friday. The company has a market cap of $62.68 billion, a PE ratio of 40.76, a P/E/G ratio of 2.77 and a beta of 1.05. The company’s 50-day moving average price is $546.10 and its 200 day moving average price is $549.50. 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 quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated 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 sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 in the last ninety days. 0.87% of the stock is owned by insiders.

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.