National Pension Service Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

National Pension Service lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 247,948 shares of the industrial products company’s stock after buying an additional 7,828 shares during the period. National Pension Service’s holdings in Roper Technologies were worth $128,896,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new position in shares of Roper Technologies during the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Roper Technologies by 7,500.0% in 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 purchasing an additional 75 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Roper Technologies in the fourth quarter worth $45,000. Ameliora Wealth Management Ltd. purchased a new position in Roper Technologies in the fourth quarter worth $49,000. Finally, Global Wealth Strategies & Associates boosted its position in Roper Technologies by 49.3% in 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 last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Oppenheimer boosted their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Barclays cut their price objective 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. Raymond James reissued a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Truist Financial reissued a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Stock Down 2.1 %

Shares of NYSE ROP opened at $575.15 on Thursday. The stock has a market capitalization of $61.67 billion, a PE ratio of 40.11, a P/E/G ratio of 2.77 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 fifty day moving average price is $543.90 and its 200-day moving average price is $548.89. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $593.91.

Insiders Place Their Bets

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 stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now directly owns 20,187 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 in the last ninety days. 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.