Roper Technologies, Inc. (NYSE:ROP) Stake Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 12.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 36,733 shares of the industrial products company’s stock after buying an additional 4,104 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Roper Technologies were worth $19,216,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC bought a new stake in Roper Technologies in the 3rd quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after buying an additional 75 shares during the last quarter. Global Wealth Strategies & Associates boosted its position in shares of Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after buying an additional 33 shares during the period. Versant Capital Management Inc grew its holdings in Roper Technologies by 40.7% in the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock worth $59,000 after buying an additional 33 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in Roper Technologies by 59.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Truist Financial restated 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. Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Mizuho boosted their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies Stock Performance

ROP opened at $581.42 on Thursday. 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 firm has a market cap of $62.35 billion, a PE ratio of 40.55, a P/E/G ratio of 2.76 and a beta of 1.05. The business has a fifty day simple moving average of $536.63 and a 200-day simple moving average of $544.75. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.31.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the company’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 value of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares of the company’s stock, valued at $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock worth $2,947,475 in the last quarter. 0.87% of the stock is 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.