Handelsbanken Fonder AB increased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 8.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,656 shares of the industrial products company's stock after purchasing an additional 2,900 shares during the period. Handelsbanken Fonder AB's holdings in Roper Technologies were worth $19,575,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ROP. Fortitude Family Office LLC bought a new position in Roper Technologies during the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. raised its position 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 valued at $40,000 after acquiring an additional 75 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Roper Technologies during the fourth quarter worth $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies in the fourth quarter worth $49,000. Finally, Global Wealth Strategies & Associates raised its holdings in shares of Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock worth $52,000 after purchasing an additional 33 shares during the period. 93.31% of the stock is owned by institutional investors.
Shares of Roper Technologies stock traded down $7.37 on Friday, hitting $574.05. The company had a trading volume of 634,299 shares, compared to its average volume of 612,384. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.43. 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 has a 50-day simple moving average of $541.23 and a 200-day simple moving average of $547.47. The company has a market cap of $61.55 billion, a PE ratio of 40.03, a PEG ratio of 2.77 and a beta of 1.05.
A number of equities research analysts recently weighed in on ROP shares. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Oppenheimer upped their target price on 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 Roper Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Barclays dropped their target price on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. Finally, Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. One investment 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $623.60.
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In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the company's stock in a transaction dated 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 directly owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred 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 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 over the last 90 days. 0.87% of the stock is currently owned by corporate insiders.
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.
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