New York State Common Retirement Fund Sells 800 Shares of Roper Technologies, Inc. (NYSE:ROP)

New York State Common Retirement Fund lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,257 shares of the industrial products company’s stock after selling 800 shares during the quarter. New York State Common Retirement Fund’s holdings in Roper Technologies were worth $72,393,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROP. Blue Trust Inc. increased its stake in Roper Technologies by 3.8% during the 3rd quarter. Blue Trust Inc. now owns 730 shares of the industrial products company’s stock valued at $412,000 after purchasing an additional 27 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Roper Technologies by 21.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 354 shares of the industrial products company’s stock worth $197,000 after acquiring an additional 62 shares during the last quarter. Ledyard National Bank boosted its holdings in Roper Technologies by 2.1% during the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after acquiring an additional 18 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Roper Technologies by 10.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,930 shares of the industrial products company’s stock worth $2,743,000 after acquiring an additional 465 shares during the last quarter. Finally, Eastern Bank purchased a new position in Roper Technologies during the 3rd quarter worth $5,308,000. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated 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 directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were 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 approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock valued at $2,947,475 over the last three months. 0.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ROP. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Royal Bank of Canada cut their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Robert W. Baird boosted their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and a consensus target price of $622.30.

Roper Technologies Price Performance

NYSE ROP opened at $577.04 on Thursday. The company has a market cap of $61.88 billion, a PE ratio of 40.24, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.43. 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’s 50-day simple moving average is $539.96 and its two-hundred day simple moving average is $546.84.

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.