Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Lifted by ING Groep NV

ING Groep NV raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 74.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,015 shares of the industrial products company’s stock after buying an additional 34,194 shares during the period. ING Groep NV owned approximately 0.07% of Roper Technologies worth $41,596,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ROP. Blue Trust Inc. raised its stake in Roper Technologies by 3.8% during the 3rd quarter. Blue Trust Inc. now owns 730 shares of the industrial products company’s stock valued at $412,000 after purchasing an additional 27 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Roper Technologies by 21.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 354 shares of the industrial products company’s stock valued at $197,000 after purchasing an additional 62 shares during the period. Ledyard National Bank raised its stake in Roper Technologies by 2.1% during the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after purchasing an additional 18 shares during the period. Sequoia Financial Advisors LLC raised its stake in Roper Technologies by 10.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,930 shares of the industrial products company’s stock valued at $2,743,000 after purchasing an additional 465 shares during the period. Finally, Eastern Bank acquired a new stake in Roper Technologies during the 3rd quarter valued at $5,308,000. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

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

Roper Technologies Stock Performance

NYSE:ROP opened at $577.04 on Thursday. The stock has a market cap of $61.88 billion, a P/E ratio of 31.25, a PEG ratio of 2.73 and a beta of 1.05. The stock has a 50 day simple moving average of $539.96 and a 200 day simple moving average of $546.84. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.43.

Analyst Ratings Changes

Several equities analysts have recently commented on ROP shares. 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 report on Friday, January 31st. Truist Financial reiterated a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays decreased their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird upped 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. Finally, JPMorgan Chase & Co. upped their price objective 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. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average 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.