Rhumbline Advisers Sells 2,088 Shares of Roper Technologies, Inc. (NYSE:ROP)

Rhumbline Advisers lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,804 shares of the industrial products company’s stock after selling 2,088 shares during the quarter. Rhumbline Advisers owned 0.19% of Roper Technologies worth $106,987,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of Roper Technologies by 5.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock valued at $19,282,000 after acquiring an additional 1,789 shares in the last quarter. Citigroup Inc. increased its stake 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 valued at $106,050,000 after acquiring an additional 28,555 shares in the last quarter. Douglas Lane & Associates LLC increased its stake in shares of 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 acquiring an additional 17,466 shares in the last quarter. Synovus Financial Corp grew its position in Roper Technologies by 19.6% in the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after purchasing an additional 961 shares during the period. Finally, Nordea Investment Management AB grew its position in Roper Technologies by 8.5% in the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock valued at $280,113,000 after purchasing an additional 42,016 shares during the period. Institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ROP. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $622.30.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock worth $2,947,475 in the last ninety days. Company insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

ROP opened at $573.58 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 40.00, a P/E/G ratio of 2.78 and a beta of 1.05. The firm’s fifty day moving average price is $538.46 and its two-hundred day moving average price is $546.14. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $584.43.

Roper Technologies Company 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.