Roper Technologies, Inc. (NYSE:ROP) Stake Lessened by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 205,804 shares of the industrial products company's stock after selling 2,088 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Roper Technologies worth $106,987,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ledyard National Bank grew its stake in Roper Technologies by 2.1% in the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock valued at $499,000 after acquiring an additional 18 shares during the last quarter. Meridian Financial Partners LLC lifted its stake in Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock valued at $1,067,000 after buying an additional 20 shares in the last quarter. Cromwell Holdings LLC grew its holdings in Roper Technologies by 6.8% during the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company's stock valued at $185,000 after buying an additional 21 shares during the last quarter. Hibernia Wealth Partners LLC increased its position in Roper Technologies by 4.2% during the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company's stock worth $291,000 after buying an additional 21 shares in the last quarter. Finally, Ballast Advisors LLC raised its holdings in shares of Roper Technologies by 1.3% in the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company's stock worth $921,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ROP shares. Oppenheimer increased 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. JPMorgan Chase & Co. upped their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Royal Bank of Canada lowered 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 note on Thursday, October 24th. Raymond James reissued a "strong-buy" rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Truist Financial reaffirmed a "buy" rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued 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 stock presently has an average rating of "Moderate Buy" and an average target price of $622.30.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the business's 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 transaction, the director now owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares of the company's stock, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety 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 Stock Up 0.8 %

NYSE:ROP traded up $4.51 during mid-day trading on Wednesday, hitting $577.04. The company had a trading volume of 464,597 shares, compared to its average volume of 656,992. The business has a fifty day simple moving average of $539.42 and a 200-day simple moving average of $546.62. The firm has a market capitalization of $61.88 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 2.74 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 current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

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.