Tobam Sells 54 Shares of Roper Technologies, Inc. (NYSE:ROP)

Tobam lowered its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 25.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 159 shares of the industrial products company’s stock after selling 54 shares during the period. Tobam’s holdings in Roper Technologies were worth $83,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on ROP. Mizuho raised their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Raymond James reissued a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Royal Bank of Canada lowered their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Robert W. Baird upped their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies Price Performance

Shares of ROP stock opened at $572.76 on Friday. The business’s fifty day moving average is $537.35 and its 200 day moving average is $545.28. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market cap of $61.42 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 2.76 and a beta of 1.05. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $584.44.

Insider Activity

In other news, VP Brandon L. Cross sold 750 shares of the 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 directly owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,101 shares of company stock worth $2,947,475. Corporate insiders own 0.87% of the company’s stock.

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.