Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,844 shares of the industrial products company’s stock after selling 355 shares during the period. Mutual of America Capital Management LLC’s holdings in Roper Technologies were worth $6,677,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. E Fund Management Hong Kong Co. Ltd. boosted its stake in 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 purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at $45,000. Ameliora Wealth Management Ltd. bought a new position in Roper Technologies during the fourth quarter valued at about $49,000. Global Wealth Strategies & Associates grew its holdings in Roper Technologies by 49.3% during the fourth 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. Finally, Versant Capital Management Inc raised its position in Roper Technologies by 40.7% in the fourth quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 33 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Up 0.2 %

NYSE:ROP opened at $585.81 on Tuesday. The business’s fifty day moving average price is $547.32 and its 200 day moving average price is $550.10. The firm has a market capitalization of $62.91 billion, a price-to-earnings ratio of 40.85, a PEG ratio of 2.77 and a beta of 1.05. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $593.91.

Insider Activity

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on 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 completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % 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 90 days. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

ROP has been the subject of several research reports. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research report on Friday, January 31st. Barclays decreased their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, Truist Financial reaffirmed a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $623.60.

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.