Tobam Sells 54 Shares of Roper Technologies, Inc. (NYSE:ROP)

Tobam lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 25.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159 shares of the industrial products company’s stock after selling 54 shares during the quarter. Tobam’s holdings in Roper Technologies were worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its holdings in Roper Technologies by 2.9% in the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after buying an additional 132,575 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Roper Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock valued at $1,357,162,000 after acquiring an additional 51,131 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after acquiring an additional 345,268 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Roper Technologies by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company’s stock valued at $368,382,000 after purchasing an additional 45,947 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Roper Technologies by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company’s stock valued at $361,076,000 after purchasing an additional 9,653 shares during the period. 93.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were 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 of the company’s stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value 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. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,101 shares of company stock worth $2,947,475 over the last three months. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Trading Down 1.8 %

Roper Technologies stock opened at $572.76 on Friday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.44. The firm has a market capitalization of $61.42 billion, a price-to-earnings ratio of 39.94, a P/E/G ratio of 2.76 and a beta of 1.05. The firm has a 50 day moving average of $537.35 and a 200 day moving average of $545.28. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Analyst Ratings Changes

A number of research firms have commented on ROP. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Mizuho lifted their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Truist Financial reissued a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Raymond James restated a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $622.30.

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.