Silver Oak Securities Incorporated Increases Position in Roper Technologies, Inc. (NYSE:ROP)

Silver Oak Securities Incorporated grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 8.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,043 shares of the industrial products company’s stock after acquiring an additional 80 shares during the period. Silver Oak Securities Incorporated’s holdings in Roper Technologies were worth $542,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ROP. PNC Financial Services Group Inc. raised its stake in Roper Technologies by 5.4% during the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock valued at $19,282,000 after buying an additional 1,789 shares during the last quarter. Citigroup Inc. raised its position in shares of Roper Technologies by 17.6% in the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock worth $106,050,000 after purchasing an additional 28,555 shares during the last quarter. Douglas Lane & Associates LLC grew its position in Roper Technologies by 18.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock valued at $57,005,000 after purchasing an additional 17,466 shares during the last quarter. Synovus Financial Corp increased its stake in Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after purchasing an additional 961 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Roper Technologies by 8.5% in the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock worth $280,113,000 after buying an additional 42,016 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Down 1.8 %

Roper Technologies stock opened at $572.76 on Friday. The business has a 50-day simple moving average of $537.35 and a two-hundred day simple moving average of $545.28. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.44. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a market cap of $61.42 billion, a P/E ratio of 39.94, a P/E/G ratio of 2.76 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Mizuho lifted their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Truist Financial restated a “buy” rating and set a $675.00 target price (up previously from $665.00) 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 issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $622.30.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was 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 in the company, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is owned by company insiders.

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.