Tectonic Advisors LLC Buys 381 Shares of Roper Technologies, Inc. (NYSE:ROP)

Tectonic Advisors LLC boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 11.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,632 shares of the industrial products company’s stock after purchasing an additional 381 shares during the period. Tectonic Advisors LLC’s holdings in Roper Technologies were worth $1,888,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Deltec Asset Management LLC acquired a new stake in Roper Technologies in the fourth quarter valued at $520,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Roper Technologies by 12.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,733 shares of the industrial products company’s stock valued at $19,216,000 after buying an additional 4,104 shares during the period. Osprey Private Wealth LLC grew its stake in shares of Roper Technologies by 1.1% in the 4th quarter. Osprey Private Wealth LLC now owns 4,165 shares of the industrial products company’s stock valued at $2,165,000 after buying an additional 45 shares during the period. Avitas Wealth Management LLC grew its stake in shares of Roper Technologies by 0.4% in the 4th quarter. Avitas Wealth Management LLC now owns 6,539 shares of the industrial products company’s stock valued at $3,399,000 after buying an additional 27 shares during the period. Finally, Mather Group LLC. lifted its position in Roper Technologies by 7.4% in the 4th quarter. Mather Group LLC. now owns 711 shares of the industrial products company’s stock valued at $370,000 after acquiring an additional 49 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the 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 completion of the sale, the director now directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,351 shares of company stock worth $2,514,103 over the last three months. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ROP shares. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Raymond James reiterated a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $622.30.

Roper Technologies Stock Performance

NYSE ROP opened at $577.67 on Wednesday. The company has a 50-day simple moving average of $536.63 and a two-hundred day simple moving average of $544.75. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.31. The firm has a market cap of $61.94 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 2.76 and a beta of 1.05.

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.