Roper Technologies, Inc. (NYSE:ROP) Shares Bought by ING Groep NV

ING Groep NV boosted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 74.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 80,015 shares of the industrial products company's stock after purchasing an additional 34,194 shares during the quarter. ING Groep NV owned about 0.07% of Roper Technologies worth $41,596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC acquired a new position in Roper Technologies in the third quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Roper Technologies by 7,500.0% during 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 purchased a new position in shares of Roper Technologies in the 4th quarter worth $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies in the fourth quarter valued at $49,000. Finally, Global Wealth Strategies & Associates boosted its holdings in Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock valued at $52,000 after acquiring an additional 33 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Down 1.3 %

Shares of NYSE:ROP traded down $7.37 during trading on Friday, hitting $574.05. The company's stock had a trading volume of 634,299 shares, compared to its average volume of 652,571. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.43. The stock's 50-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. The company has a market capitalization of $61.56 billion, a PE ratio of 40.03, a PEG ratio of 2.75 and a beta of 1.05.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of Roper Technologies 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 in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock valued at $2,947,475 in the last three months. Corporate insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Robert W. Baird raised their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Oppenheimer raised their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Royal Bank of Canada decreased their price target 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. Finally, JPMorgan Chase & Co. raised their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.