State of Alaska Department of Revenue Trims Holdings in Roper Technologies, Inc. (NYSE:ROP)

State of Alaska Department of Revenue reduced its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,227 shares of the industrial products company’s stock after selling 235 shares during the quarter. State of Alaska Department of Revenue’s holdings in Roper Technologies were worth $6,356,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP increased its position in 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 worth $410,977,000 after purchasing an additional 345,268 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $69,382,000. Loomis Sayles & Co. L P increased its holdings in shares of Roper Technologies by 25.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock worth $360,811,000 after buying an additional 132,913 shares during the last quarter. State Street Corp lifted its holdings in Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock valued at $2,632,199,000 after acquiring an additional 132,575 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Roper Technologies by 37.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock worth $238,125,000 after acquiring an additional 116,523 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction 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 $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock valued at $2,947,475 in the last quarter. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 1.8 %

Shares of NYSE ROP 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 stock has a market cap of $61.42 billion, a P/E ratio of 39.94, a PEG ratio of 2.76 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. The business’s fifty day simple moving average is $537.35 and its 200-day simple moving average is $545.28.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ROP shares. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird increased their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. 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 research report on Tuesday, January 28th. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $622.30.

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.