Burns Matteson Capital Management LLC Has $581,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Burns Matteson Capital Management LLC lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,117 shares of the industrial products company’s stock after selling 75 shares during the period. Burns Matteson Capital Management LLC’s holdings in Roper Technologies were worth $581,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after purchasing an additional 345,268 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Roper Technologies in the 4th quarter valued at about $69,382,000. Loomis Sayles & Co. L P raised its position in shares of Roper Technologies by 25.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock valued at $360,811,000 after acquiring an additional 132,913 shares during the period. State Street Corp boosted its stake in Roper Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after acquiring an additional 132,575 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Roper Technologies by 37.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock valued at $238,125,000 after purchasing an additional 116,523 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly 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 filing with the SEC, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock worth $2,947,475 over the last ninety days. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROP. Mizuho boosted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Truist Financial reaffirmed a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Robert W. Baird upped their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note 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 research note on Friday, January 31st. Finally, Barclays lowered their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies Stock Down 1.8 %

ROP stock opened at $572.76 on Monday. The business’s 50 day simple moving average is $537.48 and its 200 day simple moving average is $545.05. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.44. The firm has a market capitalization of $61.42 billion, a PE ratio of 31.85, a PEG ratio of 2.78 and a beta of 1.05. 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 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.