C WorldWide Group Holding A S boosted its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 34.6% during the 3rd quarter, Holdings Channel reports. The fund owned 9,206 shares of the industrial products company’s stock after buying an additional 2,365 shares during the period. C WorldWide Group Holding A S’s holdings in Roper Technologies were worth $4,591,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of ROP. Bessemer Group Inc. lifted its position in shares of Roper Technologies by 10.9% in the 3rd quarter. Bessemer Group Inc. now owns 3,340 shares of the industrial products company’s stock worth $1,665,000 after purchasing an additional 329 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in Roper Technologies by 120.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,419 shares of the industrial products company’s stock worth $4,697,000 after buying an additional 5,144 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Roper Technologies by 64.4% during the third quarter. SBI Securities Co. Ltd. now owns 171 shares of the industrial products company’s stock worth $85,000 after buying an additional 67 shares during the period. Machina Capital S.A.S. boosted its position in Roper Technologies by 344.7% during the 3rd quarter. Machina Capital S.A.S. now owns 7,351 shares of the industrial products company’s stock valued at $3,666,000 after acquiring an additional 5,698 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Roper Technologies by 9.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 698 shares of the industrial products company’s stock valued at $348,000 after acquiring an additional 61 shares during the period. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of Roper Technologies stock opened at $351.00 on Friday. The company has a 50 day moving average price of $424.80 and a 200 day moving average price of $475.60. The firm has a market capitalization of $37.78 billion, a P/E ratio of 24.72, a PEG ratio of 1.72 and a beta of 0.92. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43. Roper Technologies, Inc. has a 52 week low of $343.92 and a 52 week high of $595.17.
Insiders Place Their Bets
In other news, Director Amy Woods Brinkley bought 1,200 shares of Roper Technologies stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average price of $450.71 per share, for a total transaction of $540,852.00. Following the purchase, the director directly owned 18,184 shares of the company’s stock, valued at approximately $8,195,710.64. The trade was a 7.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Laurence Neil Hunn sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $443.57, for a total value of $13,307,100.00. Following the sale, the chief executive officer owned 87,311 shares in the company, valued at approximately $38,728,540.27. The trade was a 25.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.78% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Roper Technologies in a research note on Friday, October 31st. Oppenheimer reissued a “market perform” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Barclays lowered their price target on shares of Roper Technologies from $475.00 to $409.00 and set an “underweight” rating on the stock in a report on Wednesday, January 28th. Mizuho reduced their price objective on shares of Roper Technologies from $419.00 to $365.00 and set an “underperform” rating for the company in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Roper Technologies from $457.00 to $397.00 and set an “underweight” rating for the company in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $478.53.
Check Out Our Latest Research Report on ROP
Roper Technologies Company Profile
Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
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