Hartford Investment Management Co. Sells 128 Shares of Roper Technologies, Inc. (NYSE:ROP)

Hartford Investment Management Co. decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 6,620 shares of the industrial products company’s stock after selling 128 shares during the quarter. Hartford Investment Management Co.’s holdings in Roper Technologies were worth $3,441,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROP. Fortitude Family Office LLC bought a new position in Roper Technologies during the 3rd quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Roper Technologies by 7,500.0% in the 4th 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 bought a new position in shares of Roper Technologies in the 4th quarter worth approximately $45,000. Ameliora Wealth Management Ltd. bought a new position in shares of Roper Technologies in the 4th quarter worth approximately $49,000. Finally, Global Wealth Strategies & Associates raised its position in shares of Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now directly owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,101 shares of company stock worth $2,947,475 over the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of recent analyst reports. Truist Financial reissued a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Raymond James restated a “strong-buy” rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays decreased their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One equities 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 stock. According to data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $622.30.

Roper Technologies Stock Down 2.5 %

Roper Technologies stock opened at $566.76 on Thursday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.43. 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 firm has a 50 day moving average price of $537.88 and a 200 day moving average price of $545.61. The company has a market capitalization of $60.77 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.

About Roper Technologies

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.