Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 12.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 36,733 shares of the industrial products company’s stock after acquiring an additional 4,104 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Roper Technologies were worth $19,216,000 as of its most recent SEC filing.

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

Roper Technologies Stock Performance

Roper Technologies stock opened at $581.42 on Thursday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $584.31. The company’s 50-day moving average is $536.63 and its two-hundred day moving average is $544.75. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market cap of $62.35 billion, a PE ratio of 40.55, a PEG ratio of 2.76 and a beta of 1.05.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of analyst reports. Oppenheimer lifted their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. 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 report on Friday, January 31st. Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $622.30.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock worth $2,947,475 over the last ninety days. Company insiders own 0.87% of the company’s stock.

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.