New Mexico Educational Retirement Board Sells 100 Shares of Roper Technologies, Inc. (NYSE:ROP)

New Mexico Educational Retirement Board decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 5,100 shares of the industrial products company’s stock after selling 100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Roper Technologies were worth $2,651,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Klingenstein Fields & Co. LP grew its holdings in shares of Roper Technologies by 0.4% in the 4th quarter. Klingenstein Fields & Co. LP now owns 39,351 shares of the industrial products company’s stock worth $20,457,000 after purchasing an additional 144 shares during the last quarter. Littlejohn Financial Services Inc. bought a new stake in Roper Technologies during the 4th quarter worth about $1,772,000. Vontobel Holding Ltd. grew its holdings in Roper Technologies by 10.4% during the 4th quarter. Vontobel Holding Ltd. now owns 127,522 shares of the industrial products company’s stock worth $66,292,000 after acquiring an additional 12,015 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in Roper Technologies by 6.8% during the 4th quarter. Catalyst Financial Partners LLC now owns 578 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 37 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in Roper Technologies by 2.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 49,098 shares of the industrial products company’s stock worth $25,723,000 after acquiring an additional 1,067 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of NYSE:ROP opened at $573.58 on Friday. The company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 40.00, a P/E/G ratio of 2.78 and a beta of 1.05. The firm’s 50 day simple moving average is $538.46 and its 200 day simple moving average is $546.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.43.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ROP shares. Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Raymond James reissued a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird increased their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Barclays cut their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $622.30.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock worth $2,947,475 in the last ninety days. Company insiders own 0.87% of the company’s stock.

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.