Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,656 shares of the industrial products company’s stock after buying an additional 2,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Roper Technologies were worth $19,575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. WealthBridge Capital Management LLC grew its position in shares of Roper Technologies by 21.3% during the fourth quarter. WealthBridge Capital Management LLC now owns 752 shares of the industrial products company’s stock worth $391,000 after buying an additional 132 shares in the last quarter. Bryn Mawr Capital Management LLC grew its position in shares of Roper Technologies by 3,699.2% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 103,034 shares of the industrial products company’s stock worth $53,562,000 after buying an additional 100,322 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Roper Technologies by 13.5% during the fourth quarter. Global Retirement Partners LLC now owns 562 shares of the industrial products company’s stock worth $292,000 after buying an additional 67 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of Roper Technologies by 10.8% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,517 shares of the industrial products company’s stock worth $1,828,000 after buying an additional 343 shares in the last quarter. Finally, Bfsg LLC grew its position in shares of Roper Technologies by 3.0% during the fourth quarter. Bfsg LLC now owns 4,490 shares of the industrial products company’s stock worth $2,334,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $574.05 on Friday. The company’s 50-day moving average price is $541.23 and its two-hundred day moving average price is $547.47. 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 stock has a market cap of $61.56 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.43.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The shares were 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 in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,101 shares of company stock worth $2,947,475. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ROP. Truist Financial reissued a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Oppenheimer lifted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $622.30.

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.