Roper Technologies, Inc. (NYSE:ROP) Holdings Reduced by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 7.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 44,298 shares of the industrial products company’s stock after selling 3,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Roper Technologies were worth $23,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ROP. International Assets Investment Management LLC grew its position in Roper Technologies by 59,642.3% in the 3rd quarter. International Assets Investment Management LLC now owns 62,132 shares of the industrial products company’s stock worth $34,573,000 after purchasing an additional 62,028 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Roper Technologies by 57.8% in the third quarter. Assenagon Asset Management S.A. now owns 4,154 shares of the industrial products company’s stock valued at $2,311,000 after acquiring an additional 1,522 shares in the last quarter. Dakota Wealth Management boosted its holdings in shares of Roper Technologies by 15.8% in the third quarter. Dakota Wealth Management now owns 10,172 shares of the industrial products company’s stock valued at $5,660,000 after acquiring an additional 1,388 shares in the last quarter. Silver Oak Securities Incorporated boosted its holdings in shares of Roper Technologies by 14.6% in the third quarter. Silver Oak Securities Incorporated now owns 963 shares of the industrial products company’s stock valued at $533,000 after acquiring an additional 123 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its holdings in shares of Roper Technologies by 6.8% in the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 21 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock worth $2,947,475 in the last 90 days. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Down 1.3 %

Shares of NYSE:ROP opened at $574.05 on Friday. The firm has a 50 day simple moving average of $541.23 and a 200 day simple moving average of $547.67. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.43. The company has a market cap of $61.55 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ROP shares. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer increased their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Truist Financial restated a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

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.