Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,945 shares of the industrial products company’s stock after acquiring an additional 800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Roper Technologies were worth $21,805,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Fortitude Family Office LLC acquired a new stake in shares of Roper Technologies during the 3rd quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of 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 valued at $40,000 after buying an additional 75 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Roper Technologies during the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. acquired a new stake in Roper Technologies during the fourth quarter worth approximately $49,000. Finally, Global Wealth Strategies & Associates grew its stake in Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Roper Technologies

In related 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 transaction of $201,912.75. Following the sale, the director now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

ROP opened at $572.50 on Friday. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $593.91. The company has a 50 day moving average of $544.92 and a two-hundred day moving average of $549.05. The company has a market cap of $61.39 billion, a P/E ratio of 39.92, a P/E/G ratio of 2.77 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies Company 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.