Osprey Private Wealth LLC Buys 45 Shares of Roper Technologies, Inc. (NYSE:ROP)

Osprey Private Wealth LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,165 shares of the industrial products company’s stock after acquiring an additional 45 shares during the period. Osprey Private Wealth LLC’s holdings in Roper Technologies were worth $2,165,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ROP. Fortitude Family Office LLC bought a new stake in Roper Technologies in the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. raised its stake 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 acquiring an additional 75 shares during the last quarter. Global Wealth Strategies & Associates raised its stake 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 valued at $52,000 after acquiring an additional 33 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Roper Technologies by 40.7% during the fourth quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 33 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Roper Technologies by 59.0% during the third 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 last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Up 0.1 %

Shares of NYSE ROP opened at $577.67 on Wednesday. The firm’s 50 day moving average price is $536.31 and its 200-day moving average price is $544.68. The company has a market cap of $61.94 billion, a PE ratio of 31.42, a P/E/G ratio of 2.76 and a beta of 1.05. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred 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 $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,351 shares of company stock worth $2,514,103. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ROP. Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Mizuho boosted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird boosted their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial reiterated a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. One research 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $622.30.

About Roper Technologies

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.