Robeco Schweiz AG Has $30.28 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Robeco Schweiz AG lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,251 shares of the industrial products company’s stock after selling 8,158 shares during the period. Robeco Schweiz AG owned approximately 0.05% of Roper Technologies worth $30,282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in Roper Technologies by 57.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,154 shares of the industrial products company’s stock valued at $2,311,000 after acquiring an additional 1,522 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Roper Technologies by 3.7% during the third quarter. Nisa Investment Advisors LLC now owns 35,195 shares of the industrial products company’s stock worth $19,584,000 after purchasing an additional 1,250 shares during the period. abrdn plc grew its position in Roper Technologies by 58.9% during the third quarter. abrdn plc now owns 35,495 shares of the industrial products company’s stock valued at $19,714,000 after purchasing an additional 13,153 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in Roper Technologies by 111.2% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,360 shares of the industrial products company’s stock valued at $757,000 after buying an additional 716 shares during the period. Finally, Fortitude Family Office LLC purchased a new stake in Roper Technologies in the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROP. Oppenheimer boosted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Roper Technologies Trading Down 2.1 %

NYSE:ROP opened at $575.15 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $543.90 and its 200-day moving average is $548.89. The firm has a market cap of $61.67 billion, a price-to-earnings ratio of 40.11, a P/E/G ratio of 2.77 and a beta of 1.05. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $593.91.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 351 shares of the firm’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 sale, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now owns 1,329 shares in the company, valued at $767,936.07. The trade was a 36.08 % 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 quarter. 0.87% of the stock is currently owned by company insiders.

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.