Usca Ria LLC lowered its position in shares of Roper Technologies Inc (NYSE:ROP) by 64.6% during the fourth quarter, Holdings Channel reports. The fund owned 1,239 shares of the industrial products company’s stock after selling 2,265 shares during the quarter. Usca Ria LLC’s holdings in Roper Technologies were worth $330,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cutler Group LP bought a new position in shares of Roper Technologies during the 4th quarter worth about $26,000. Proficio Capital Partners LLC boosted its position in shares of Roper Technologies by 115.8% during the 4th quarter. Proficio Capital Partners LLC now owns 123 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 66 shares in the last quarter. We Are One Seven LLC bought a new position in shares of Roper Technologies during the 4th quarter worth about $35,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Roper Technologies by 125.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 135 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 75 shares in the last quarter. Finally, Capital Investment Advisory Services LLC bought a new position in shares of Roper Technologies during the 4th quarter worth about $36,000. 91.04% of the stock is currently owned by institutional investors and hedge funds.
NYSE ROP traded down $1.68 during trading hours on Thursday, hitting $318.14. The company’s stock had a trading volume of 7,059 shares, compared to its average volume of 412,874. Roper Technologies Inc has a 52 week low of $245.59 and a 52 week high of $327.23. The stock has a market cap of $33.19 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.11 and a beta of 1.13. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.98 and a current ratio of 1.11.
A number of equities analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a research report on Monday, February 4th. ValuEngine cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Stephens initiated coverage on shares of Roper Technologies in a research report on Monday, November 19th. They issued an “overweight” rating and a $333.00 price target on the stock. Zacks Investment Research raised shares of Roper Technologies from a “sell” rating to a “hold” rating and set a $334.00 price target on the stock in a research report on Monday, February 4th. Finally, Barclays dropped their price target on shares of Roper Technologies from $299.00 to $287.00 and set an “equal weight” rating on the stock in a research report on Monday, December 17th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $321.25.
In other Roper Technologies news, VP Jason Conley sold 5,000 shares of the stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $307.39, for a total value of $1,536,950.00. Following the completion of the sale, the vice president now owns 26,637 shares in the company, valued at approximately $8,187,947.43. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP John K. Stipancich sold 9,000 shares of the stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $295.62, for a total transaction of $2,660,580.00. Following the completion of the sale, the vice president now owns 39,521 shares of the company’s stock, valued at approximately $11,683,198.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,750 shares of company stock valued at $7,541,533. Company insiders own 2.30% of the company’s stock.
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Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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