Montecito Bank & Trust lessened its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,790 shares of the industrial products company’s stock after selling 56 shares during the quarter. Montecito Bank & Trust’s holdings in Roper Technologies were worth $477,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ROP. We Are One Seven LLC bought a new stake in Roper Technologies during the 4th quarter valued at $35,000. Benjamin F. Edwards & Company Inc. increased its stake in Roper Technologies by 125.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 135 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 75 shares in the last quarter. Capital Investment Advisory Services LLC bought a new stake in Roper Technologies during the 4th quarter valued at $36,000. Parkside Financial Bank & Trust increased its stake in Roper Technologies by 128.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 199 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 112 shares in the last quarter. Finally, CWM LLC increased its stake in Roper Technologies by 51.5% during the 4th quarter. CWM LLC now owns 250 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 94.14% of the company’s stock.
NYSE ROP opened at $301.25 on Tuesday. Roper Technologies Inc has a 1 year low of $245.59 and a 1 year high of $312.65. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.11 and a quick ratio of 0.98. The firm has a market capitalization of $31.16 billion, a PE ratio of 25.51, a PEG ratio of 2.00 and a beta of 1.13.
A number of brokerages have commented on ROP. ValuEngine upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded shares of Roper Technologies from a “sell” rating to a “hold” rating and set a $334.00 price target for the company in a research note on Monday, February 4th. Wells Fargo & Co upped their target price on shares of Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th. Robert W. Baird upped their target price on shares of Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a research note on Monday, February 4th. Finally, Barclays reduced their target price on shares of Roper Technologies from $299.00 to $287.00 and set an “equal weight” rating for the company in a research note on Monday, December 17th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $321.25.
In related news, VP John K. Stipancich sold 9,000 shares of the business’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $295.62, for a total value of $2,660,580.00. Following the transaction, the vice president now directly owns 39,521 shares of the company’s stock, valued at approximately $11,683,198.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher Wright sold 600 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $294.85, for a total transaction of $176,910.00. Following the completion of the transaction, the director now directly owns 63,080 shares in the company, valued at $18,599,138. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,350 shares of company stock valued at $3,349,955. Company insiders own 2.30% of the company’s stock.
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Roper Technologies Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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