Roper Technologies, Inc. (NYSE:ROP) Stock Position Reduced by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,100 shares of the industrial products company’s stock after selling 100 shares during the period. New Mexico Educational Retirement Board’s holdings in Roper Technologies were worth $2,651,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Ledyard National Bank grew its position in Roper Technologies by 2.1% in the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after acquiring an additional 18 shares in the last quarter. Meridian Financial Partners LLC grew its position in Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 20 shares in the last quarter. Cromwell Holdings LLC grew its position in Roper Technologies by 6.8% in the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 21 shares in the last quarter. Hibernia Wealth Partners LLC grew its position in Roper Technologies by 4.2% in the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 21 shares in the last quarter. Finally, Ballast Advisors LLC grew its position in Roper Technologies by 1.3% in the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after acquiring an additional 21 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ROP has been the subject of several recent research reports. Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Raymond James restated a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Barclays reduced their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $622.30.

Roper Technologies Price Performance

NYSE:ROP opened at $573.58 on Friday. The stock has a market cap of $61.50 billion, a P/E ratio of 40.00, a PEG ratio of 2.78 and a beta of 1.05. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $584.43. The company has a fifty day moving average price of $538.46 and a 200 day moving average price of $546.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were 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 of the company’s stock, valued at $767,936.07. The trade was a 36.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John K. Stipancich sold 1,000 shares of the business’s 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 completion of the sale, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock valued at $2,947,475 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

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.