Kentucky Retirement Systems Insurance Trust Fund Has $1.83 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 10.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,517 shares of the industrial products company’s stock after purchasing an additional 343 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Roper Technologies were worth $1,828,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new stake in Roper Technologies during the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Roper Technologies during the 4th quarter worth approximately $45,000. Ameliora Wealth Management Ltd. bought a new stake in Roper Technologies during the 4th quarter worth approximately $49,000. Finally, Global Wealth Strategies & Associates increased its holdings in Roper Technologies by 49.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 33 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Down 0.2 %

NYSE:ROP opened at $572.53 on Wednesday. The company has a market cap of $61.39 billion, a P/E ratio of 31.31, a P/E/G ratio of 2.74 and a beta of 1.05. The stock’s fifty day moving average price is $539.42 and its two-hundred day moving average price is $546.62. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $584.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. 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 over the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ROP shares. Truist Financial reissued a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer upped their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $622.30.

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.