Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in Roper Technologies, Inc. (NYSE:ROP) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,298 shares of the industrial products company’s stock after selling 3,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Roper Technologies were worth $23,028,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies during the 3rd quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 acquired a new position in shares of Roper Technologies during the 4th quarter valued at $45,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Roper Technologies during the 4th quarter valued at $49,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of Roper Technologies by 49.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of several recent research reports. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays cut their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Truist Financial reiterated a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $623.60.

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the 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. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $574.05 on Friday. The firm has a market cap of $61.55 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The firm’s 50-day simple moving average is $541.23 and its 200-day simple moving average is $547.67. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $584.43.

Roper Technologies 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.