Clarus Group Inc. Sells 154 Shares of Roper Technologies, Inc. (NYSE:ROP)

Clarus Group Inc. lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,412 shares of the industrial products company’s stock after selling 154 shares during the period. Clarus Group Inc.’s holdings in Roper Technologies were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in ROP. Brookstone Capital Management increased its stake in shares of Roper Technologies by 2.0% during the third quarter. Brookstone Capital Management now owns 1,133 shares of the industrial products company’s stock worth $631,000 after purchasing an additional 22 shares during the period. CWM LLC increased its stake in Roper Technologies by 18.6% during the 3rd quarter. CWM LLC now owns 3,584 shares of the industrial products company’s stock worth $1,994,000 after acquiring an additional 563 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Roper Technologies by 551.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 945 shares of the industrial products company’s stock worth $526,000 after acquiring an additional 800 shares during the period. Valeo Financial Advisors LLC bought a new position in Roper Technologies during the 3rd quarter worth $211,000. Finally, Ritholtz Wealth Management increased its stake in Roper Technologies by 3.6% during the 3rd quarter. Ritholtz Wealth Management now owns 779 shares of the industrial products company’s stock worth $434,000 after acquiring an additional 27 shares during the period. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ROP. Robert W. Baird raised their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Truist Financial restated a “buy” rating and set a $675.00 price objective (up previously from $665.00) 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 raised their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Barclays lowered their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $622.30.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction 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 trade represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock valued at $2,947,475 in the last 90 days. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Trading Up 0.3 %

NYSE ROP opened at $574.52 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $584.43. The company has a market cap of $61.61 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The business’s fifty day moving average is $537.48 and its 200 day moving average is $545.14.

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.