Choreo LLC Reduces Holdings in Roper Technologies, Inc. (NYSE:ROP)

Choreo LLC trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 13.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,820 shares of the industrial products company’s stock after selling 583 shares during the quarter. Choreo LLC’s holdings in Roper Technologies were worth $1,986,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROP. Mather Group LLC. raised its stake in shares of Roper Technologies by 15.7% during the 3rd quarter. Mather Group LLC. now owns 662 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 90 shares during the period. Brookstone Capital Management raised its stake in shares of Roper Technologies by 2.0% during the 3rd 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 period. CWM LLC raised its stake in shares of Roper Technologies by 18.6% during the 3rd quarter. CWM LLC now owns 3,584 shares of the industrial products company’s stock valued at $1,994,000 after purchasing an additional 563 shares during the period. Quotient Wealth Partners LLC raised its stake in shares of Roper Technologies by 18.1% during the 3rd quarter. Quotient Wealth Partners LLC now owns 758 shares of the industrial products company’s stock valued at $422,000 after purchasing an additional 116 shares during the period. Finally, Albion Financial Group UT raised its stake in shares of Roper Technologies by 3,500.0% during the 3rd quarter. Albion Financial Group UT now owns 252 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 245 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Activity at Roper Technologies

In related news, 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 sale, the director now directly 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 legal filing with the SEC, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This represents a 8.69 % 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 in the last ninety days. 0.87% of the stock is owned by company insiders.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $572.76 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. The firm has a market capitalization of $61.42 billion, a PE ratio of 39.94, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The business’s 50-day moving average price is $537.35 and its 200-day moving average price is $545.28. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $584.44.

Analyst Ratings Changes

A number of equities analysts have weighed in on ROP shares. Royal Bank of Canada decreased their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Raymond James restated a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Robert W. Baird upped their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Oppenheimer upped their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies Company 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.