Arlington Partners LLC Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

Arlington Partners LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 13.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,962 shares of the industrial products company’s stock after buying an additional 970 shares during the quarter. Arlington Partners LLC’s holdings in Roper Technologies were worth $4,139,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ROP. Brookstone Capital Management boosted its stake in shares of Roper Technologies by 2.0% in the 3rd quarter. Brookstone Capital Management now owns 1,133 shares of the industrial products company’s stock valued at $631,000 after buying an additional 22 shares during the period. CWM LLC boosted its stake in shares of Roper Technologies by 18.6% in the 3rd quarter. CWM LLC now owns 3,584 shares of the industrial products company’s stock valued at $1,994,000 after buying an additional 563 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Roper Technologies by 551.7% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 945 shares of the industrial products company’s stock valued at $526,000 after buying an additional 800 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of Roper Technologies in the 3rd quarter valued at about $211,000. Finally, Ritholtz Wealth Management boosted its stake in shares of Roper Technologies by 3.6% in the 3rd quarter. Ritholtz Wealth Management now owns 779 shares of the industrial products company’s stock valued at $434,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. The trade was a 8.69 % 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, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the transaction, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,101 shares of company stock valued at $2,947,475. Company insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial restated a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Royal Bank of Canada decreased their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Robert W. Baird boosted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies Trading Down 1.8 %

ROP opened at $572.76 on Monday. The firm has a market cap of $61.42 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.44. The business’s 50 day moving average is $537.48 and its two-hundred day moving average is $545.05. 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 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.