Vontobel Holding Ltd. Boosts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Vontobel Holding Ltd. grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,522 shares of the industrial products company’s stock after purchasing an additional 12,015 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.12% of Roper Technologies worth $66,292,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in Roper Technologies by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock worth $19,282,000 after buying an additional 1,789 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Roper Technologies by 17.6% in the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock worth $106,050,000 after acquiring an additional 28,555 shares during the last quarter. Douglas Lane & Associates LLC boosted its stake in shares of Roper Technologies by 18.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock valued at $57,005,000 after purchasing an additional 17,466 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after purchasing an additional 961 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Roper Technologies by 8.5% in the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock worth $280,113,000 after purchasing an additional 42,016 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Roper Technologies

In related news, VP Brandon L. Cross sold 750 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value 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. This trade represents a 36.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies 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 directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock worth $2,947,475 over the last ninety days. 0.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on ROP. Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Truist Financial restated a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer lifted their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Raymond James reissued a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $622.30.

Roper Technologies Stock Performance

Roper Technologies stock opened at $573.43 on Friday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.43. The stock’s 50 day simple moving average is $537.70 and its two-hundred day simple moving average is $545.76. 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 stock has a market cap of $61.49 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 2.78 and a beta of 1.05.

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.