Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Flossbach Von Storch SE

Flossbach Von Storch SE lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 270,705 shares of the industrial products company’s stock after buying an additional 15,601 shares during the period. Flossbach Von Storch SE’s holdings in Roper Technologies were worth $140,726,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ROP. PNC Financial Services Group Inc. increased its position in shares of Roper Technologies by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock worth $19,282,000 after acquiring an additional 1,789 shares in the last quarter. Citigroup Inc. lifted 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 buying an additional 28,555 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in Roper Technologies by 18.9% in 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 raised its position in shares of Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock worth $3,265,000 after buying an additional 961 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Roper Technologies by 52.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company’s stock worth $2,747,000 after buying an additional 1,699 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,101 shares of company stock valued at $2,947,475. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

ROP opened at $577.04 on Thursday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.43. The stock has a market cap of $61.88 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 2.73 and a beta of 1.05. The business has a 50 day moving average of $539.96 and a 200-day moving average of $546.84. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Raymond James reissued a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Robert W. Baird increased their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Oppenheimer increased their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One investment 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. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target 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.