WASHINGTON TRUST Co Sells 22 Shares of Roper Technologies, Inc. (NYSE:ROP)

WASHINGTON TRUST Co reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,478 shares of the industrial products company’s stock after selling 22 shares during the quarter. WASHINGTON TRUST Co’s holdings in Roper Technologies were worth $2,848,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROP. Fortitude Family Office LLC bought a new position in shares of Roper Technologies during the 3rd quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after buying an additional 75 shares during the period. Golden State Wealth Management LLC bought a new position in Roper Technologies during the fourth quarter valued at $45,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Roper Technologies in the fourth quarter valued at $49,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 33 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the business’s 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 transaction, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,101 shares of company stock valued at $2,947,475. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 0.0 %

NYSE:ROP opened at $573.58 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.43. The company has a 50-day moving average of $538.01 and a 200 day moving average of $545.95. The firm has a market cap of $61.50 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.

Analyst Ratings Changes

Several brokerages recently commented on ROP. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Robert W. Baird increased their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays dropped their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada decreased their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Truist Financial reissued a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.