Good Life Advisors LLC Has $1.78 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Good Life Advisors LLC trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 2.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,418 shares of the industrial products company’s stock after selling 93 shares during the period. Good Life Advisors LLC’s holdings in Roper Technologies were worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in Roper Technologies by 5.4% during the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock worth $19,282,000 after acquiring an additional 1,789 shares during the period. Citigroup Inc. increased its position in Roper Technologies by 17.6% during the third quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock worth $106,050,000 after acquiring an additional 28,555 shares during the period. Douglas Lane & Associates LLC increased its position in Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after acquiring an additional 17,466 shares during the period. Synovus Financial Corp increased its position in Roper Technologies by 19.6% during the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock worth $3,265,000 after acquiring an additional 961 shares during the period. Finally, Harvest Fund Management Co. Ltd increased its position in Roper Technologies by 52.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company’s stock worth $2,747,000 after acquiring an additional 1,699 shares during the period. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ROP. Barclays dropped their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. TD Cowen raised shares of 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 target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Robert W. Baird boosted their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial reissued a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $622.30.

Roper Technologies Stock Down 0.2 %

ROP opened at $572.53 on Wednesday. The firm’s 50-day simple moving average is $539.42 and its 200-day simple moving average is $546.62. 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 twelve month low of $499.47 and a twelve month high of $584.43. The firm has a market cap of $61.39 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.74 and a beta of 1.05.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were 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 in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the transaction, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,101 shares of company stock valued at $2,947,475. 0.87% of the stock is owned by 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.