Vontobel Holding Ltd. Acquires 12,015 Shares of Roper Technologies, Inc. (NYSE:ROP)

Vontobel Holding Ltd. boosted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 10.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 127,522 shares of the industrial products company's stock after buying an additional 12,015 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.12% of Roper Technologies worth $66,292,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Ledyard National Bank increased its position in shares of Roper Technologies by 2.1% during the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock valued at $499,000 after purchasing an additional 18 shares during the last quarter. Meridian Financial Partners LLC increased its position in shares of Roper Technologies by 1.0% during 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 purchasing an additional 20 shares during the last quarter. Cromwell Holdings LLC grew its stake in shares of Roper Technologies by 6.8% during the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company's stock worth $185,000 after acquiring an additional 21 shares during the period. Hibernia Wealth Partners LLC grew its stake in shares of Roper Technologies by 4.2% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company's stock worth $291,000 after acquiring an additional 21 shares during the period. Finally, Ballast Advisors LLC grew its stake in shares of Roper Technologies by 1.3% during the 3rd 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 period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROP has been the subject of several research reports. Oppenheimer increased their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating 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 for the company in a research note on Wednesday, January 8th. Truist Financial restated a "buy" rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Raymond James restated a "strong-buy" rating and issued a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $622.30.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the transaction, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety 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 Stock Performance

Roper Technologies stock traded down $1.05 during mid-day trading on Tuesday, reaching $572.53. 550,796 shares of the stock traded hands, compared to its average volume of 664,535. The stock has a market capitalization of $61.39 billion, a PE ratio of 39.93, 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. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.43. The business's 50-day moving average is $538.96 and its 200-day moving average is $546.37.

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.