Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,945 shares of the industrial products company’s stock after acquiring an additional 800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Roper Technologies were worth $21,805,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ROP. Fortitude Family Office LLC purchased a new stake in Roper Technologies during the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after buying an additional 75 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies in the fourth quarter worth $45,000. Ameliora Wealth Management Ltd. acquired a new stake in Roper Technologies in the fourth quarter valued at $49,000. Finally, Global Wealth Strategies & Associates raised its holdings in Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Trading Down 0.5 %

Shares of NYSE ROP opened at $572.50 on Friday. The company has a market cap of $61.39 billion, a price-to-earnings ratio of 39.92, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The stock’s 50 day simple moving average is $544.92 and its 200 day simple moving average is $549.05. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $593.91.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ROP. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Oppenheimer boosted their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 target price on Roper Technologies in a report on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, TD Cowen upgraded 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 research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Insider Buying and Selling at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This trade represents a 8.69 % 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 Brandon L. Cross sold 750 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares of the company’s stock, valued at $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by insiders.

Roper Technologies 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.