Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Essex Financial Services Inc.

Essex Financial Services Inc. trimmed its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,082 shares of the industrial products company’s stock after selling 157 shares during the quarter. Essex Financial Services Inc.’s holdings in Roper Technologies were worth $4,721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in Roper Technologies during the 3rd quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 75 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies in the 4th quarter worth approximately $49,000. Finally, Global Wealth Strategies & Associates grew its position in Roper Technologies by 49.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 33 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

Shares of ROP opened at $574.52 on Tuesday. The firm 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 company’s fifty day moving average is $537.48 and its 200-day moving average is $545.14. 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 12 month low of $499.47 and a 12 month high of $584.43.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Robert W. Baird increased their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $622.30.

Insider Buying and Selling

In related news, VP Brandon L. Cross sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the sale, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman sold 351 shares of the 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 in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,101 shares of company stock worth $2,947,475. Corporate insiders own 0.87% of the company’s stock.

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.