Asset Management One Co. Ltd. Buys 1,067 Shares of Roper Technologies, Inc. (NYSE:ROP)

Asset Management One Co. Ltd. increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,098 shares of the industrial products company's stock after buying an additional 1,067 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Roper Technologies were worth $25,723,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ROP. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Roper Technologies by 22.6% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 3,352 shares of the industrial products company's stock worth $1,865,000 after buying an additional 617 shares in the last quarter. Good Life Advisors LLC grew its holdings in shares of Roper Technologies by 13.1% during the third quarter. Good Life Advisors LLC now owns 3,511 shares of the industrial products company's stock worth $1,954,000 after buying an additional 407 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Roper Technologies by 2.3% during the third quarter. Bleakley Financial Group LLC now owns 2,314 shares of the industrial products company's stock worth $1,288,000 after buying an additional 51 shares in the last quarter. Drake & Associates LLC bought a new position in shares of Roper Technologies during the third quarter worth about $267,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Roper Technologies by 3.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,160 shares of the industrial products company's stock worth $7,323,000 after buying an additional 383 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value 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 approximately $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,101 shares of company stock valued at $2,947,475. Insiders own 0.87% of the company's stock.

Roper Technologies Stock Performance

NYSE:ROP traded down $1.47 during mid-day trading on Tuesday, hitting $572.11. 97,658 shares of the stock were exchanged, compared to its average volume of 649,633. The stock has a market capitalization of $61.35 billion, a price-to-earnings ratio of 39.87, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The firm's 50-day simple moving average is $538.96 and its 200 day simple moving average is $546.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.43.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ROP shares. Truist Financial reiterated 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. Raymond James restated 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. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and raised their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Robert W. Baird raised their price target on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Oppenheimer raised their price target on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus 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.