Roper Technologies, Inc. (NYSE:ROP) Holdings Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 369.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,677 shares of the industrial products company's stock after acquiring an additional 19,423 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Roper Technologies were worth $12,679,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new position in Roper Technologies during the 3rd quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. boosted its position 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 valued at $40,000 after purchasing an additional 75 shares during the period. Golden State Wealth Management LLC acquired a new position in Roper Technologies during the 4th quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies during the 4th quarter valued at approximately $49,000. Finally, Global Wealth Strategies & Associates boosted its position 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 valued at $52,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ROP shares. Oppenheimer boosted their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Royal Bank of Canada cut their target price on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Finally, Barclays cut their target price on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $622.30.

Roper Technologies Price Performance

Shares of ROP traded down $7.37 during midday trading on Friday, reaching $574.05. The stock had a trading volume of 634,299 shares, compared to its average volume of 652,571. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week 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. The firm's 50 day moving average price is $541.23 and its 200-day moving average price is $547.47. The company has a market capitalization of $61.56 billion, a P/E ratio of 40.03, a P/E/G ratio of 2.75 and a beta of 1.05.

Insider Transactions at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the business's 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 directly owns 31,522 shares of the company's stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brandon L. Cross sold 750 shares of the business's 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 directly owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,101 shares of company stock valued at $2,947,475. Corporate insiders own 0.87% of the company's stock.

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.