Wilmington Savings Fund Society FSB Decreases Position in Roper Technologies, Inc. (NYSE:ROP)

Wilmington Savings Fund Society FSB decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,673 shares of the industrial products company’s stock after selling 54 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Roper Technologies were worth $2,429,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management increased its stake in Roper Technologies by 2.0% in the third quarter. Brookstone Capital Management now owns 1,133 shares of the industrial products company’s stock valued at $631,000 after purchasing an additional 22 shares during the last quarter. CWM LLC lifted its position in Roper Technologies by 18.6% in the third quarter. CWM LLC now owns 3,584 shares of the industrial products company’s stock valued at $1,994,000 after acquiring an additional 563 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Roper Technologies by 551.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 945 shares of the industrial products company’s stock valued at $526,000 after acquiring an additional 800 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Roper Technologies during the third quarter worth about $211,000. Finally, Ritholtz Wealth Management increased its position in shares of Roper Technologies by 3.6% during the third quarter. Ritholtz Wealth Management now owns 779 shares of the industrial products company’s stock worth $434,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insiders Place Their Bets

In other news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction on Friday, January 31st. The shares were 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 owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $433,372.50. Following the completion of the transaction, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock valued at $2,947,475 over the last quarter. Company insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 1.8 %

NYSE ROP opened at $572.76 on Monday. The company has a 50-day moving average of $537.48 and a 200-day moving average of $545.05. 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 12 month low of $499.47 and a 12 month high of $584.44. The company has a market cap of $61.42 billion, a P/E ratio of 39.94, a P/E/G ratio of 2.78 and a beta of 1.05.

Analysts Set New Price Targets

ROP has been the subject of a number of research analyst reports. Truist Financial reissued a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Oppenheimer increased their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Robert W. Baird raised their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Raymond James reiterated a “strong-buy” rating and set a $655.00 price target (up from $620.00) 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 issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $622.30.

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.