Allworth Financial LP Has $460,000 Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Allworth Financial LP cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 861 shares of the industrial products company’s stock after selling 24 shares during the quarter. Allworth Financial LP’s holdings in Roper Technologies were worth $460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Manchester Capital Management LLC grew its position in shares of Roper Technologies by 1.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 18 shares during the period. Meridian Financial Partners LLC boosted its position in Roper Technologies by 1.0% during the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 20 shares during the last quarter. Principal Securities Inc. boosted its position in Roper Technologies by 0.5% during the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock worth $2,231,000 after acquiring an additional 20 shares during the last quarter. Cromwell Holdings LLC boosted its position in Roper Technologies by 6.8% during the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 21 shares during the last quarter. Finally, Hibernia Wealth Partners LLC boosted its position in Roper Technologies by 4.2% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 21 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Up 0.8 %

ROP opened at $581.42 on Friday. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.43. The stock’s fifty day simple moving average is $540.62 and its 200 day simple moving average is $547.08. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market cap of $62.35 billion, a PE ratio of 40.55, a price-to-earnings-growth ratio of 2.73 and a beta of 1.05.

Analyst Ratings Changes

A number of research firms have weighed in on ROP. JPMorgan Chase & Co. upped their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $622.30.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,101 shares of company stock worth $2,947,475. Company insiders own 0.87% of the company’s stock.

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.