Deutsche Bank AG reduced its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 730,202 shares of the industrial products company’s stock after selling 85,019 shares during the period. Deutsche Bank AG’s holdings in Roper Technologies were worth $189,113,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of ROP. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Roper Technologies during the 4th quarter valued at about $117,000. Icon Wealth Partners LLC acquired a new stake in shares of Roper Technologies during the 4th quarter valued at about $155,000. Stephens Inc. AR boosted its position in Roper Technologies by 113.6% in the third quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock valued at $160,000 after buying an additional 350 shares in the last quarter. Zions Bancorporation boosted its position in Roper Technologies by 3,457.9% in the third quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock valued at $165,000 after buying an additional 657 shares in the last quarter. Finally, Trustcore Financial Services LLC acquired a new position in Roper Technologies in the fourth quarter valued at about $180,000. Institutional investors and hedge funds own 94.25% of the company’s stock.
Roper Technologies Inc (NYSE:ROP) opened at $285.04 on Friday. Roper Technologies Inc has a 12-month low of $203.50 and a 12-month high of $290.42. The stock has a market cap of $29,310.00, a P/E ratio of 39.05, a PEG ratio of 2.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.77 and a current ratio of 0.87.
A number of equities analysts have commented on the stock. Robert W. Baird restated a “hold” rating on shares of Roper Technologies in a research report on Monday, February 5th. Royal Bank of Canada boosted their price target on shares of Roper Technologies to $319.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Citigroup restated an “outperform” rating and issued a $335.00 price target (up from $275.00) on shares of Roper Technologies in a research report on Monday, February 5th. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, Canaccord Genuity boosted their price target on shares of Roper Technologies from $260.00 to $310.00 and gave the company a “hold” rating in a research report on Monday, February 5th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $298.58.
In other news, Director Christopher Wright sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $280.08, for a total transaction of $420,120.00. Following the transaction, the director now directly owns 62,050 shares in the company, valued at $17,378,964. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian D. Jellison sold 81,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the transaction, the chief executive officer now owns 1,448,575 shares in the company, valued at $376,093,527.25. The disclosure for this sale can be found here. Insiders have sold 440,326 shares of company stock worth $120,612,905 over the last quarter. 2.50% of the stock is owned by company insiders.
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Roper Technologies Company Profile
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.
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