Kentucky Retirement Systems Has $3.83 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Kentucky Retirement Systems reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 7,367 shares of the industrial products company’s stock after selling 101 shares during the quarter. Kentucky Retirement Systems’ holdings in Roper Technologies were worth $3,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Suncoast Equity Management raised its position in shares of Roper Technologies by 11.1% during the fourth quarter. Suncoast Equity Management now owns 1,540 shares of the industrial products company’s stock worth $801,000 after acquiring an additional 154 shares during the last quarter. Tandem Investment Advisors Inc. increased its position in Roper Technologies by 3.2% during the 4th quarter. Tandem Investment Advisors Inc. now owns 65,535 shares of the industrial products company’s stock valued at $34,069,000 after purchasing an additional 2,040 shares during the period. Forte Capital LLC ADV raised its holdings in Roper Technologies by 4.6% during the 4th quarter. Forte Capital LLC ADV now owns 609 shares of the industrial products company’s stock worth $317,000 after purchasing an additional 27 shares during the last quarter. ING Groep NV lifted its position in shares of Roper Technologies by 74.6% in the 4th quarter. ING Groep NV now owns 80,015 shares of the industrial products company’s stock worth $41,596,000 after purchasing an additional 34,194 shares during the period. Finally, Flossbach Von Storch SE lifted its position in shares of Roper Technologies by 6.1% in the 4th quarter. Flossbach Von Storch SE now owns 270,705 shares of the industrial products company’s stock worth $140,726,000 after purchasing an additional 15,601 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This represents a 2.50 % 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 worth $2,947,475 in the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 1.3 %

Shares of Roper Technologies stock opened at $574.05 on Friday. The stock has a market capitalization of $61.56 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 2.75 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 stock has a 50 day moving average price of $541.23 and a two-hundred day moving average price of $547.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Analysts Set New Price Targets

ROP has been the subject of several recent analyst reports. Raymond James reiterated a “strong-buy” rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial reiterated a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Oppenheimer raised their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $622.30.

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.