GAM Holding AG Lowers Holdings in Roper Technologies, Inc. (NYSE:ROP)

GAM Holding AG reduced its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,179 shares of the industrial products company's stock after selling 472 shares during the period. GAM Holding AG's holdings in Roper Technologies were worth $2,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its stake in Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company's stock valued at $2,632,199,000 after purchasing an additional 132,575 shares in the last quarter. Geode Capital Management LLC increased its stake in Roper Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company's stock valued at $1,357,162,000 after purchasing an additional 51,131 shares in the last quarter. Wellington Management Group LLP increased its stake in Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock valued at $410,977,000 after purchasing an additional 345,268 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Roper Technologies by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company's stock worth $368,382,000 after acquiring an additional 45,947 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Roper Technologies by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company's stock worth $361,076,000 after acquiring an additional 9,653 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Insider Activity

In related news, VP John K. Stipancich sold 1,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 38,932 shares of the company's stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock valued at $2,947,475 in the last three months. Company insiders own 0.87% of the company's stock.

Roper Technologies Stock Down 1.3 %

Roper Technologies stock traded down $7.37 during midday trading on Friday, hitting $574.05. 634,299 shares of the stock were exchanged, compared to its average volume of 652,571. 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 stock has a market capitalization of $61.56 billion, a price-to-earnings ratio of 40.03, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.43. The business's 50-day moving average price is $541.23 and its 200-day moving average price is $547.47.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Truist Financial reissued a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James reissued a "strong-buy" rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Oppenheimer boosted their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada decreased their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $622.30.

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.