Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Vest Financial LLC

Vest Financial LLC boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,202 shares of the industrial products company's stock after acquiring an additional 12,609 shares during the period. Vest Financial LLC owned 0.10% of Roper Technologies worth $54,689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of Roper Technologies by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company's stock worth $19,282,000 after purchasing an additional 1,789 shares during the period. Citigroup Inc. grew its position in Roper Technologies by 17.6% during the third quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company's stock worth $106,050,000 after buying an additional 28,555 shares in the last quarter. Douglas Lane & Associates LLC grew its position in Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock worth $57,005,000 after buying an additional 17,466 shares in the last quarter. Synovus Financial Corp increased its stake in Roper Technologies by 19.6% in the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock worth $3,265,000 after acquiring an additional 961 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Roper Technologies by 8.5% in the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock valued at $280,113,000 after acquiring an additional 42,016 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Roper Technologies stock traded down $14.59 during mid-day trading on Wednesday, reaching $566.76. 688,502 shares of the stock traded hands, compared to its average volume of 689,153. The stock has a market capitalization of $60.77 billion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The business's 50-day moving average is $537.88 and its 200-day moving average is $545.61. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.43.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Barclays decreased their price target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Raymond James reissued a "strong-buy" rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Mizuho boosted their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada cut their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $622.30.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares of the company's stock, valued at $11,612,571.75. This trade represents 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, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction 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 in the company, valued at $18,221,292.10. This trade represents a 8.69 % 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 in the last quarter. 0.87% of the stock is currently owned by insiders.

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.