Flossbach Von Storch SE Raises Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Flossbach Von Storch SE grew its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 270,705 shares of the industrial products company's stock after acquiring an additional 15,601 shares during the quarter. Flossbach Von Storch SE owned 0.25% of Roper Technologies worth $140,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC purchased a new position in Roper Technologies during the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. boosted 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 worth $40,000 after buying an additional 75 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $49,000. Finally, Global Wealth Strategies & Associates lifted its holdings in Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock worth $52,000 after acquiring an additional 33 shares during the period. Institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ROP. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Raymond James restated a "strong-buy" rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Royal Bank of Canada dropped their target price on shares of 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, Truist Financial restated a "buy" rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $622.30.

Roper Technologies Stock Performance

Roper Technologies stock traded down $7.37 during mid-day trading on Friday, reaching $574.05. The company's stock had a trading volume of 634,299 shares, compared to its average volume of 652,571. The firm's fifty day moving average price is $540.62 and its two-hundred day moving average price is $547.08. 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 12-month low of $499.47 and a 12-month high of $584.43. The company has a market capitalization of $61.56 billion, a P/E ratio of 40.03, a PEG ratio of 2.75 and a beta of 1.05.

Insider Transactions at Roper Technologies

In related news, VP Brandon L. Cross sold 750 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now owns 1,329 shares of the company's stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 value of $201,912.75. Following the transaction, the director now directly owns 20,187 shares of the company's stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock valued at $2,947,475 over the last three months. Company insiders own 0.87% of the company's stock.

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.