Roper Technologies, Inc. (NYSE:ROP) Position Boosted by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 8.3% during the 4th quarter, HoldingsChannel reports. The fund owned 37,656 shares of the industrial products company’s stock after purchasing an additional 2,900 shares during the period. Handelsbanken Fonder AB’s holdings in Roper Technologies were worth $19,575,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ROP. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies in the 3rd quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $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 4th quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $49,000. Finally, Global Wealth Strategies & Associates grew its stake in shares of Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,101 shares of company stock worth $2,947,475 over the last three months. 0.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ROP has been the subject of several recent research reports. Truist Financial reissued a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer upped 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, Raymond James reaffirmed a “strong-buy” rating and set a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. 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 company. According to data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies Stock Down 1.3 %

Shares of ROP stock opened at $574.05 on Friday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $584.43. The firm has a market cap of $61.56 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05. The stock has a 50 day moving average of $541.23 and a 200-day moving average of $547.47. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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.