Advisor OS LLC Trims Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Advisor OS LLC cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 386 shares of the industrial products company’s stock after selling 54 shares during the quarter. Advisor OS LLC’s holdings in Roper Technologies were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ROP. Assenagon Asset Management S.A. lifted its position in Roper Technologies by 57.8% during the third quarter. Assenagon Asset Management S.A. now owns 4,154 shares of the industrial products company’s stock worth $2,311,000 after buying an additional 1,522 shares during the period. abrdn plc raised its holdings in shares of Roper Technologies by 58.9% in the 3rd quarter. abrdn plc now owns 35,495 shares of the industrial products company’s stock worth $19,714,000 after purchasing an additional 13,153 shares during the period. Strategic Blueprint LLC raised its holdings in shares of Roper Technologies by 29.9% in the 3rd quarter. Strategic Blueprint LLC now owns 764 shares of the industrial products company’s stock worth $425,000 after purchasing an additional 176 shares during the period. Oak Ridge Investments LLC raised its holdings in shares of Roper Technologies by 5.4% in the 3rd quarter. Oak Ridge Investments LLC now owns 15,139 shares of the industrial products company’s stock worth $8,424,000 after purchasing an additional 782 shares during the period. Finally, Stephens Investment Management Group LLC raised its holdings in shares of Roper Technologies by 10.4% in the 3rd quarter. Stephens Investment Management Group LLC now owns 26,467 shares of the industrial products company’s stock worth $14,727,000 after purchasing an additional 2,494 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $584.50 on Friday. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $593.91. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $62.68 billion, a price-to-earnings ratio of 40.76, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The business has a 50 day simple moving average of $546.10 and a 200-day simple moving average of $549.50.

Insider Activity

In related news, VP Brandon L. Cross sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the transaction, the vice president now owns 1,329 shares in the company, valued at $767,936.07. The trade was a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ROP has been the topic of a number of research reports. Oppenheimer raised their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Truist Financial reiterated a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $623.60.

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.