Rhumbline Advisers Sells 2,088 Shares of Roper Technologies, Inc. (NYSE:ROP)

Rhumbline Advisers reduced its position in Roper Technologies, Inc. (NYSE:ROP) by 1.0% during the fourth quarter, HoldingsChannel reports. The fund owned 205,804 shares of the industrial products company’s stock after selling 2,088 shares during the quarter. Rhumbline Advisers’ holdings in Roper Technologies were worth $106,987,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROP. Wellington Management Group LLP raised its stake in Roper Technologies by 87.8% in the 3rd 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 period. Union Bancaire Privee UBP SA bought a new stake in Roper Technologies in the 4th quarter valued at about $69,382,000. Loomis Sayles & Co. L P raised its stake in Roper Technologies by 25.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock valued at $360,811,000 after acquiring an additional 132,913 shares during the period. State Street Corp increased its position in shares of Roper Technologies by 2.9% during 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 buying an additional 132,575 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Roper Technologies by 37.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock valued at $238,125,000 after buying an additional 116,523 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Activity at Roper Technologies

In other Roper Technologies 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 transaction of $1,734,150.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % 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 valued at $2,947,475 over the last three months. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Trading Up 0.0 %

Shares of ROP opened at $573.58 on Friday. 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 market capitalization of $61.50 billion, a P/E ratio of 40.00, a P/E/G ratio of 2.78 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. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.43.

Wall Street Analyst Weigh In

ROP has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Oppenheimer upped their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Truist Financial reiterated a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Robert W. Baird upped their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada decreased their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies 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.