Sumitomo Mitsui DS Asset Management Company Ltd Purchases 635 Shares of Roper Technologies, Inc. (NYSE:ROP)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,795 shares of the industrial products company's stock after acquiring an additional 635 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Roper Technologies were worth $7,171,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Fortitude Family Office LLC bought a new position in Roper Technologies in the 3rd quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. increased its holdings 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 buying an additional 75 shares in the last quarter. Global Wealth Strategies & Associates lifted its stake in shares of Roper Technologies by 49.3% in the 4th 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. Versant Capital Management Inc boosted its holdings in shares of Roper Technologies by 40.7% during the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company's stock valued at $59,000 after acquiring an additional 33 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in Roper Technologies by 59.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company's stock worth $69,000 after purchasing an additional 46 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

NYSE ROP traded up $6.83 on Tuesday, hitting $581.35. 552,398 shares of the stock traded hands, compared to its average volume of 689,163. The firm has a market capitalization of $62.34 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 2.78 and a beta of 1.05. The business's fifty day moving average is $537.59 and its two-hundred day moving average is $545.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $584.43.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Mizuho boosted their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. 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 report on Friday, January 31st. Royal Bank of Canada dropped 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 note on Thursday, October 24th. Barclays reduced their price objective on shares of 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, Oppenheimer raised their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $622.30.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is owned by company insiders.

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.