GAM Holding AG Has $2.69 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

GAM Holding AG cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,179 shares of the industrial products company’s stock after selling 472 shares during the period. GAM Holding AG’s holdings in Roper Technologies were worth $2,692,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Bleakley Financial Group LLC raised its position in Roper Technologies by 2.3% in the third quarter. Bleakley Financial Group LLC now owns 2,314 shares of the industrial products company’s stock valued at $1,288,000 after purchasing an additional 51 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Roper Technologies by 3.8% in the 3rd quarter. Blue Trust Inc. now owns 730 shares of the industrial products company’s stock valued at $412,000 after buying an additional 27 shares during the period. Capital Investment Advisors LLC grew its stake in Roper Technologies by 15.2% in the third quarter. Capital Investment Advisors LLC now owns 2,881 shares of the industrial products company’s stock valued at $1,603,000 after acquiring an additional 380 shares during the period. Arlington Partners LLC increased its stake in Roper Technologies by 16.6% during the 3rd quarter. Arlington Partners LLC now owns 6,992 shares of the industrial products company’s stock valued at $3,891,000 after purchasing an additional 997 shares in the last quarter. Finally, Suncoast Equity Management lifted its stake in shares of Roper Technologies by 3.9% in the third quarter. Suncoast Equity Management now owns 1,386 shares of the industrial products company’s stock valued at $771,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent research reports. Truist Financial restated a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer raised their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada lowered their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Barclays decreased their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $622.30.

Insider Buying and Selling at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction 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 completion of the transaction, 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. Insiders have sold 5,101 shares of company stock worth $2,947,475 over the last ninety days. Insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 0.0 %

NYSE ROP opened at $573.58 on Tuesday. The stock’s 50-day simple moving average is $538.46 and its two-hundred day simple moving average is $546.16. The company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 2.78 and a beta of 1.05. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $584.43. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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.