Catalyst Capital Advisors LLC Increases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Catalyst Capital Advisors LLC lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 228.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 476 shares of the industrial products company’s stock after purchasing an additional 331 shares during the period. Catalyst Capital Advisors LLC’s holdings in Roper Technologies were worth $247,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new stake in Roper Technologies during the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in 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 worth $40,000 after buying an additional 75 shares during the period. Golden State Wealth Management LLC purchased a new stake in Roper Technologies during the fourth quarter worth $45,000. Ameliora Wealth Management Ltd. purchased a new stake in Roper Technologies during the fourth quarter worth $49,000. Finally, Global Wealth Strategies & Associates lifted its holdings in Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.0 %

Shares of NYSE ROP opened at $573.58 on Tuesday. The firm has a market cap of $61.50 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 2.78 and a beta of 1.05. 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 52-week low of $499.47 and a 52-week high of $584.43. The business’s 50 day moving average is $538.46 and its two-hundred day moving average is $546.16.

Analyst Ratings Changes

ROP has been the topic of a number of recent analyst reports. Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer upped their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Royal Bank of Canada cut their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $622.30.

Insider Buying and Selling at Roper Technologies

In other news, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. 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 quarter. 0.87% of the stock is owned by company insiders.

Roper Technologies 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.