Stephens Inc. AR Sells 498 Shares of Roper Technologies, Inc. (NYSE:ROP)

Stephens Inc. AR cut its stake in Roper Technologies, Inc. (NYSE:ROP) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,226 shares of the industrial products company’s stock after selling 498 shares during the period. Stephens Inc. AR’s holdings in Roper Technologies were worth $5,316,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In related news, VP Brandon L. Cross sold 750 shares of the stock in a transaction that occurred 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 directly owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value 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 disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock worth $2,947,475 in the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

ROP stock opened at $574.52 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company’s fifty day moving average price is $537.48 and its 200-day moving average price is $545.14. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $584.43. The company has a market capitalization of $61.61 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Raymond James restated a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Robert W. Baird boosted their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.