Middleton & Co. Inc. MA Sells 1,342 Shares of Roper Technologies, Inc. (NYSE:ROP)

Middleton & Co. Inc. MA trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 12.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,749 shares of the industrial products company’s stock after selling 1,342 shares during the period. Middleton & Co. Inc. MA’s holdings in Roper Technologies were worth $5,495,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of Roper Technologies by 236.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock worth $4,493,000 after acquiring an additional 5,789 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in Roper Technologies by 497.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock valued at $5,232,000 after buying an additional 7,768 shares during the period. Stifel Financial Corp grew its stake in shares of Roper Technologies by 5.9% during the fourth quarter. Stifel Financial Corp now owns 50,284 shares of the industrial products company’s stock valued at $27,416,000 after buying an additional 2,811 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in Roper Technologies by 90.7% during the 4th quarter. Rafferty Asset Management LLC now owns 53,363 shares of the industrial products company’s stock valued at $29,092,000 after acquiring an additional 25,384 shares during the period. Finally, ORG Partners LLC grew its position in Roper Technologies by 764.2% during the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after acquiring an additional 1,024 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Truist Financial reissued a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a research note on Tuesday, August 27th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Finally, Oppenheimer decreased their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $616.00.

Insider Buying and Selling

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Performance

Roper Technologies stock opened at $549.93 on Thursday. The stock’s 50 day moving average is $547.82 and its 200 day moving average is $545.11. The company has a market capitalization of $58.87 billion, a P/E ratio of 39.91, a PEG ratio of 2.89 and a beta of 1.02. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. On average, equities research analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

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.