ProShare Advisors LLC cut its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 450,138 shares of the industrial products company’s stock after selling 16,362 shares during the period. ProShare Advisors LLC owned 0.42% of Roper Technologies worth $224,479,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in shares of Roper Technologies in the fourth quarter worth $203,000. Empowered Funds LLC grew its stake in Roper Technologies by 11.7% during the first quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock valued at $1,832,000 after acquiring an additional 326 shares in the last quarter. Callan Family Office LLC increased its holdings in Roper Technologies by 187.7% in the 2nd quarter. Callan Family Office LLC now owns 3,006 shares of the industrial products company’s stock valued at $1,704,000 after acquiring an additional 1,961 shares during the last quarter. Blue Trust Inc. lifted its stake in Roper Technologies by 34.4% in the 2nd quarter. Blue Trust Inc. now owns 430 shares of the industrial products company’s stock worth $244,000 after purchasing an additional 110 shares in the last quarter. Finally, PDS Planning Inc boosted its holdings in shares of Roper Technologies by 44.9% during the 2nd quarter. PDS Planning Inc now owns 1,029 shares of the industrial products company’s stock valued at $583,000 after purchasing an additional 319 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.
Roper Technologies Price Performance
ROP stock opened at $362.42 on Monday. The stock has a market cap of $39.01 billion, a PE ratio of 25.52, a P/E/G ratio of 1.74 and a beta of 0.93. Roper Technologies, Inc. has a 12 month low of $343.92 and a 12 month high of $595.17. The company has a 50-day moving average price of $423.12 and a 200 day moving average price of $473.07. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.43.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on ROP shares. Mizuho reduced their target price on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating on the stock in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Roper Technologies in a research note on Friday, October 31st. Citigroup lowered their target price on Roper Technologies from $575.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Royal Bank Of Canada cut their target price on shares of Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Finally, Barclays decreased their price target on shares of Roper Technologies from $475.00 to $409.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $478.53.
Check Out Our Latest Analysis on ROP
Insider Transactions at Roper Technologies
In related news, Director Thomas Patrick Joyce, Jr. purchased 1,400 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were purchased at an average cost of $358.46 per share, for a total transaction of $501,844.00. Following the completion of the acquisition, the director owned 1,400 shares in the company, valued at approximately $501,844. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Amy Woods Brinkley acquired 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average price of $450.71 per share, with a total value of $540,852.00. Following the acquisition, the director directly owned 18,184 shares in the company, valued at $8,195,710.64. This represents a 7.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 12,600 shares of company stock worth $5,564,996. 0.87% of the stock is currently owned by insiders.
Roper Technologies Profile
Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
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