Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC reduced its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 87,438 shares of the industrial products company’s stock after selling 759 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Roper Technologies were worth $45,455,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in Roper Technologies by 7.9% in the fourth quarter. IFP Advisors Inc now owns 3,920 shares of the industrial products company’s stock valued at $2,040,000 after acquiring an additional 288 shares in the last quarter. Rowlandmiller & PARTNERS.ADV grew its holdings in Roper Technologies by 32.2% during the 4th quarter. Rowlandmiller & PARTNERS.ADV now owns 267 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 65 shares in the last quarter. C WorldWide Group Holding A S increased its stake in Roper Technologies by 3.4% during the 4th quarter. C WorldWide Group Holding A S now owns 5,706 shares of the industrial products company’s stock worth $2,966,000 after buying an additional 186 shares during the period. World Equity Group Inc. boosted its position in Roper Technologies by 100.0% in the 4th quarter. World Equity Group Inc. now owns 1,000 shares of the industrial products company’s stock valued at $520,000 after buying an additional 500 shares during the last quarter. Finally, Ascent Wealth Partners LLC grew its stake in shares of Roper Technologies by 0.5% during the fourth quarter. Ascent Wealth Partners LLC now owns 14,054 shares of the industrial products company’s stock valued at $7,306,000 after acquiring an additional 75 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Friday, January 31st. The stock was 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 of the company’s stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction on 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 sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. The trade was 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 5,101 shares of company stock worth $2,947,475 over the last quarter. 0.87% of the stock is owned by company insiders.

Roper Technologies Trading Down 1.3 %

Roper Technologies stock opened at $574.05 on Monday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $584.43. The firm’s 50-day moving average is $541.23 and its 200-day moving average is $547.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market cap of $61.55 billion, a P/E ratio of 40.03, a PEG ratio of 2.77 and a beta of 1.05.

Wall Street Analyst Weigh In

ROP has been the topic of several recent analyst reports. 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 note on Friday, January 31st. Oppenheimer increased their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Barclays dropped 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 note on Wednesday, January 8th. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Truist Financial reissued a “buy” rating and issued a $675.00 target price (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 given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies 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.