Jason Conley Sells 3,000 Shares of Roper Technologies, Inc. (NYSE:ROP) Stock

Roper Technologies, Inc. (NYSE:ROP) CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Jason Conley also recently made the following trade(s):

• On Friday, January 31st, Jason Conley sold 3,000 shares of Roper Technologies stock. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $572.50 on Friday. The firm’s 50 day moving average is $544.92 and its two-hundred day moving average is $549.05. The firm has a market capitalization of $61.39 billion, a P/E ratio of 39.92, a PEG ratio of 2.77 and a beta of 1.05. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $593.91.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ROP. Oppenheimer boosted their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Truist Financial reissued a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Institutional Trading of Roper Technologies

Several large investors have recently added to or reduced their stakes in ROP. United Advisor Group LLC boosted its position in Roper Technologies by 13.3% during the 4th quarter. United Advisor Group LLC now owns 977 shares of the industrial products company’s stock worth $508,000 after acquiring an additional 115 shares during the period. Challenger Wealth Management bought a new stake in shares of Roper Technologies during the fourth quarter valued at about $388,000. Ascent Group LLC grew its position in Roper Technologies by 2.6% in the 4th quarter. Ascent Group LLC now owns 7,333 shares of the industrial products company’s stock valued at $3,812,000 after buying an additional 184 shares in the last quarter. Putney Financial Group LLC acquired a new position in Roper Technologies during the 4th quarter valued at about $31,000. Finally, Mackenzie Financial Corp raised its position in shares of Roper Technologies by 1.7% during the 4th quarter. Mackenzie Financial Corp now owns 1,165,053 shares of the industrial products company’s stock worth $605,653,000 after buying an additional 19,377 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Company 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.