Roper Technologies, Inc. (NYSE:ROP) Position Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,257 shares of the industrial products company's stock after selling 800 shares during the period. New York State Common Retirement Fund owned approximately 0.13% of Roper Technologies worth $72,393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ROP. Fortitude Family Office LLC purchased a new stake in Roper Technologies during the 3rd quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $45,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Roper Technologies during the 4th quarter valued at about $49,000. Finally, Global Wealth Strategies & Associates lifted 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 worth $52,000 after acquiring an additional 33 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Down 1.3 %

Shares of ROP 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 612,384. The business has a fifty day moving average of $541.23 and a 200 day moving average of $547.47. The company has a market cap of $61.56 billion, a price-to-earnings ratio of 40.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $584.43. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Insider Activity

In other news, VP Brandon L. Cross sold 750 shares of the 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 completion of the sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now 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 worth $2,947,475 over the last quarter. Corporate insiders own 0.87% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent research reports. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Truist Financial restated a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays cut their price target 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. Finally, Raymond James reiterated a "strong-buy" rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $622.30.

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.