Illinois Municipal Retirement Fund cut its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 30.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,374 shares of the industrial products company’s stock after selling 2,822 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Roper Technologies were worth $3,179,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Field & Main Bank acquired a new position in shares of Roper Technologies during the third quarter valued at approximately $25,000. Asset Dedication LLC increased its position in shares of Roper Technologies by 800.0% during the second quarter. Asset Dedication LLC now owns 45 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its holdings in Roper Technologies by 89.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 53 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 25 shares in the last quarter. Quent Capital LLC acquired a new stake in Roper Technologies during the 3rd quarter worth $37,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies during the second quarter worth $39,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Trading Up 0.5%
Shares of Roper Technologies stock opened at $321.41 on Monday. The stock has a 50 day moving average of $412.12 and a 200 day moving average of $465.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. The firm has a market capitalization of $34.60 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 1.54 and a beta of 0.93. Roper Technologies, Inc. has a fifty-two week low of $317.67 and a fifty-two week high of $595.17.
Insiders Place Their Bets
In related news, Director Thomas Patrick Joyce, Jr. purchased 1,400 shares of Roper Technologies stock in a transaction dated Friday, February 6th. The shares were acquired at an average cost of $358.46 per share, with a total value of $501,844.00. Following the purchase, the director owned 1,400 shares of the company’s stock, valued at approximately $501,844. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by company insiders.
Analyst Ratings Changes
ROP has been the topic of several research reports. The Goldman Sachs Group decreased their price target on shares of Roper Technologies from $507.00 to $440.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. Citigroup lowered their target price on Roper Technologies from $575.00 to $450.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Melius Research cut Roper Technologies from a “buy” rating to a “hold” rating and set a $479.00 price target for the company. in a report on Tuesday, January 27th. Royal Bank Of Canada reduced their price objective on Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 28th. Finally, Oppenheimer restated a “market perform” rating on shares of Roper Technologies in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $478.53.
Get Our Latest Stock Analysis on Roper Technologies
Roper Technologies Company 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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