V Square Quantitative Management LLC Sells 95 Shares of Roper Technologies, Inc. (NYSE:ROP)

V Square Quantitative Management LLC lessened its position in Roper Technologies, Inc. (NYSE:ROP) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 796 shares of the industrial products company’s stock after selling 95 shares during the period. V Square Quantitative Management LLC’s holdings in Roper Technologies were worth $414,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of Roper Technologies by 5.4% in 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 purchasing an additional 1,789 shares during the last quarter. Citigroup Inc. grew its position in shares of Roper Technologies by 17.6% in the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock worth $106,050,000 after buying an additional 28,555 shares during the last quarter. Douglas Lane & Associates LLC increased its stake in shares of 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 valued at $57,005,000 after buying an additional 17,466 shares during the period. Synovus Financial Corp raised its holdings in shares of Roper Technologies by 19.6% during the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after acquiring an additional 961 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Roper Technologies by 8.5% in the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock worth $280,113,000 after acquiring an additional 42,016 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ROP. Barclays reduced their price objective 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. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Truist Financial restated a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer increased their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $622.30.

Insider Activity

In related news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock worth $2,947,475 over the last three months. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Up 0.0 %

ROP stock opened at $573.58 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $538.46 and a 200 day moving average of $546.14. 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 $61.50 billion, a PE ratio of 40.00, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.

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.