Valmark Advisers Inc. Reduces Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Valmark Advisers Inc. cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 27.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 546 shares of the industrial products company’s stock after selling 206 shares during the quarter. Valmark Advisers Inc.’s holdings in Roper Technologies were worth $284,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in Roper Technologies during the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of 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. Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $49,000. Finally, Global Wealth Strategies & Associates increased 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 valued at $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.

Insiders Place Their Bets

In other news, VP Brandon L. Cross sold 750 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is owned by company insiders.

Roper Technologies Trading Down 0.2 %

Shares of ROP stock opened at $572.53 on Wednesday. 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 1 year low of $499.47 and a 1 year high of $584.43. The stock has a fifty day moving average of $538.96 and a two-hundred day moving average of $546.37. The firm has a market capitalization of $61.39 billion, a PE ratio of 39.93, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Oppenheimer boosted their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Robert W. Baird boosted their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $622.30.

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.