Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,532 shares of the industrial products company’s stock after selling 511 shares during the period. Amalgamated Bank’s holdings in Roper Technologies were worth $10,674,000 as of its most recent filing with the Securities & Exchange Commission.

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

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $587.34 on Wednesday. The business has a 50-day simple moving average of $542.93 and a 200-day simple moving average of $548.71. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $593.91. The company has a market cap of $62.98 billion, a PE ratio of 40.96, a P/E/G ratio of 2.77 and a beta of 1.05.

Insider Buying and Selling

In related news, VP Brandon L. Cross sold 750 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now owns 1,329 shares of the company’s stock, valued at $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock worth $2,947,475 over the last 90 days. 0.87% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer increased their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Barclays dropped their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Finally, TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. One 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.