Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 845 shares of the industrial products company’s stock after selling 100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Roper Technologies were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Roper Technologies by 4.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,795 shares of the industrial products company’s stock valued at $7,171,000 after purchasing an additional 635 shares in the last quarter. Silver Oak Securities Incorporated raised its position in shares of Roper Technologies by 8.3% during the 4th quarter. Silver Oak Securities Incorporated now owns 1,043 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 80 shares during the last quarter. Tectonic Advisors LLC lifted its stake in Roper Technologies by 11.7% in the 4th quarter. Tectonic Advisors LLC now owns 3,632 shares of the industrial products company’s stock valued at $1,888,000 after buying an additional 381 shares in the last quarter. Deltec Asset Management LLC acquired a new stake in Roper Technologies in the 4th quarter worth about $520,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Roper Technologies by 12.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,733 shares of the industrial products company’s stock worth $19,216,000 after buying an additional 4,104 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Roper Technologies stock opened at $572.76 on Friday. The stock has a market cap of $61.42 billion, a price-to-earnings ratio of 39.94, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm has a 50 day simple moving average of $537.35 and a 200-day simple moving average of $545.28. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.44.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Robert W. Baird raised their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer lifted their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Mizuho boosted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada cut their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned 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 has an average rating of “Moderate Buy” and an average price target of $622.30.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies 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 of the company’s stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,101 shares of company stock worth $2,947,475. Company insiders own 0.87% of the company’s stock.

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.