Commerzbank Aktiengesellschaft FI Has $339,000 Holdings in Roper Technologies, Inc. (NYSE:ROP)

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 61.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 652 shares of the industrial products company’s stock after purchasing an additional 247 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Roper Technologies were worth $339,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. QRG Capital Management Inc. raised its stake in Roper Technologies by 7.3% during the third quarter. QRG Capital Management Inc. now owns 1,919 shares of the industrial products company’s stock worth $1,068,000 after buying an additional 130 shares during the last quarter. United Advisor Group LLC raised its stake in Roper Technologies by 26.2% during the third quarter. United Advisor Group LLC now owns 862 shares of the industrial products company’s stock worth $480,000 after buying an additional 179 shares during the last quarter. Marks Group Wealth Management Inc raised its stake in Roper Technologies by 278.6% during the third quarter. Marks Group Wealth Management Inc now owns 20,908 shares of the industrial products company’s stock worth $11,634,000 after buying an additional 15,386 shares during the last quarter. Ballast Advisors LLC raised its stake in Roper Technologies by 1.3% during the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after buying an additional 21 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in Roper Technologies by 9.1% during the third quarter. Concurrent Investment Advisors LLC now owns 3,819 shares of the industrial products company’s stock worth $2,125,000 after buying an additional 320 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $623.60.

Roper Technologies Stock Performance

NYSE ROP opened at $593.81 on Thursday. The company’s 50 day moving average is $549.76 and its 200-day moving average is $550.66. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $63.77 billion, a P/E ratio of 41.41, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05.

Insider Buying and Selling

In other news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction on Friday, January 31st. The shares were 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 $22,504,253.28. This represents a 2.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were 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 directly 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,101 shares of company stock valued at $4,712,045. Company insiders own 0.87% of the company’s stock.

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.