Robeco Schweiz AG Has $30.28 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Robeco Schweiz AG cut its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 12.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 58,251 shares of the industrial products company’s stock after selling 8,158 shares during the quarter. Robeco Schweiz AG’s holdings in Roper Technologies were worth $30,282,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Pension Service lifted its position in shares of Roper Technologies by 3.3% in the 4th quarter. National Pension Service now owns 247,948 shares of the industrial products company’s stock worth $128,896,000 after acquiring an additional 7,828 shares during the period. Lake Street Advisors Group LLC raised its stake in shares of Roper Technologies by 1.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 3,055 shares of the industrial products company’s stock valued at $1,588,000 after purchasing an additional 29 shares in the last quarter. Kirtland Hills Capital Management LLC lifted its position in Roper Technologies by 4.1% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 3,333 shares of the industrial products company’s stock worth $1,733,000 after purchasing an additional 130 shares during the period. Exchange Capital Management Inc. boosted its stake in Roper Technologies by 0.7% during the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock worth $1,426,000 after buying an additional 20 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co increased its holdings in Roper Technologies by 11.1% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 5,010 shares of the industrial products company’s stock valued at $2,604,000 after buying an additional 500 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Down 2.1 %

Shares of ROP opened at $575.15 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market cap of $61.67 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 2.77 and a beta of 1.05. The stock has a fifty day moving average price of $543.90 and a two-hundred day moving average price of $548.89. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $593.91.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ROP. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Raymond James restated a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays lowered their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Oppenheimer raised their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Truist Financial reiterated a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One equities 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 given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Insider Activity at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was 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 $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 over the last ninety days. 0.87% of the stock is owned by insiders.

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.