Commerzbank Aktiengesellschaft FI Boosts Holdings in Roper Technologies, Inc. (NYSE:ROP)

Commerzbank Aktiengesellschaft FI lifted its stake in Roper Technologies, Inc. (NYSE:ROP) by 61.0% in the 4th quarter, HoldingsChannel reports. The firm owned 652 shares of the industrial products company’s stock after buying an additional 247 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Roper Technologies were worth $339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ROP. QRG Capital Management Inc. lifted its position in shares of Roper Technologies by 7.3% in the 3rd quarter. QRG Capital Management Inc. now owns 1,919 shares of the industrial products company’s stock worth $1,068,000 after purchasing an additional 130 shares during the period. United Advisor Group LLC lifted its position in shares of Roper Technologies by 26.2% in the 3rd quarter. United Advisor Group LLC now owns 862 shares of the industrial products company’s stock worth $480,000 after purchasing an additional 179 shares during the period. Marks Group Wealth Management Inc lifted its position in shares of Roper Technologies by 278.6% in the 3rd quarter. Marks Group Wealth Management Inc now owns 20,908 shares of the industrial products company’s stock worth $11,634,000 after purchasing an additional 15,386 shares during the period. Ballast Advisors LLC lifted its position in shares of Roper Technologies by 1.3% in the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after purchasing an additional 21 shares during the period. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Roper Technologies by 9.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 3,819 shares of the industrial products company’s stock worth $2,125,000 after acquiring an additional 320 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of recent research reports. Barclays lowered 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. Truist Financial reissued a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James reissued a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies 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 target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. 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 issued a strong buy rating to the stock. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $623.60.

Insider Activity at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 in the last three months. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Up 1.5 %

NYSE:ROP opened at $593.81 on Thursday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock has a market capitalization of $63.77 billion, a P/E ratio of 41.41, a P/E/G ratio of 2.77 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company’s 50-day simple moving average is $549.76 and its 200-day simple moving average is $550.66.

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.