Duncker Streett & Co. Inc. Cuts Holdings in Roper Technologies, Inc. (NYSE:ROP)

Duncker Streett & Co. Inc. decreased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,768 shares of the industrial products company’s stock after selling 107 shares during the period. Duncker Streett & Co. Inc.’s holdings in Roper Technologies were worth $2,479,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Manchester Capital Management LLC boosted its stake in shares of Roper Technologies by 1.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 18 shares in the last quarter. Meridian Financial Partners LLC boosted its stake in shares of Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock valued at $1,067,000 after purchasing an additional 20 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Roper Technologies by 0.5% in the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock valued at $2,231,000 after purchasing an additional 20 shares in the last quarter. Exchange Capital Management Inc. boosted its stake in shares of Roper Technologies by 0.7% in the 4th quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock valued at $1,426,000 after purchasing an additional 20 shares in the last quarter. Finally, Ballast Advisors LLC boosted its stake in shares of Roper Technologies by 1.3% in the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after purchasing an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 2.1 %

Shares of NYSE ROP opened at $584.50 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $593.91. The firm has a market capitalization of $62.68 billion, a PE ratio of 40.76, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The firm has a fifty day simple moving average of $546.10 and a two-hundred day simple moving average of $549.67.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ROP shares. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies 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 report on Wednesday, January 8th. 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. 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, TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the 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 completion of the transaction, the director now owns 20,187 shares of the company’s stock, valued at approximately $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. 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 corporate insiders.

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.