Windward Capital Management Co. CA Lowers Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Windward Capital Management Co. CA cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,981 shares of the industrial products company’s stock after selling 135 shares during the period. Windward Capital Management Co. CA’s holdings in Roper Technologies were worth $1,549,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Avitas Wealth Management LLC lifted its holdings in shares of Roper Technologies by 0.4% during the fourth quarter. Avitas Wealth Management LLC now owns 6,539 shares of the industrial products company’s stock worth $3,399,000 after purchasing an additional 27 shares during the period. Mather Group LLC. raised its position in Roper Technologies by 7.4% during the 4th quarter. Mather Group LLC. now owns 711 shares of the industrial products company’s stock worth $370,000 after buying an additional 49 shares during the last quarter. CENTRAL TRUST Co lifted its stake in shares of Roper Technologies by 120.2% in the 4th quarter. CENTRAL TRUST Co now owns 229 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 125 shares during the period. River Street Advisors LLC boosted its holdings in shares of Roper Technologies by 16.6% in the fourth quarter. River Street Advisors LLC now owns 985 shares of the industrial products company’s stock valued at $512,000 after acquiring an additional 140 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its stake in shares of Roper Technologies by 1.2% during the fourth quarter. DAVENPORT & Co LLC now owns 2,637 shares of the industrial products company’s stock worth $1,371,000 after acquiring an additional 32 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Up 0.1 %

Shares of Roper Technologies stock opened at $577.67 on Wednesday. The business has a 50 day moving average price of $536.31 and a 200 day moving average price of $544.68. The company has a market capitalization of $61.94 billion, a P/E ratio of 31.42, a P/E/G ratio of 2.76 and a beta of 1.05. 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 $584.31.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Mizuho increased their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada reduced their price target on shares of 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 investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $622.30.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies 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 sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,351 shares of company stock valued at $2,514,103 over the last quarter. Insiders own 0.87% of the company’s stock.

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.