Roper Technologies, Inc. (NYSE:ROP) Position Increased by IFP Advisors Inc

IFP Advisors Inc increased its stake in Roper Technologies, Inc. (NYSE:ROP) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,920 shares of the industrial products company’s stock after purchasing an additional 288 shares during the period. IFP Advisors Inc’s holdings in Roper Technologies were worth $2,040,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ROP. International Assets Investment Management LLC raised its stake in Roper Technologies by 59,642.3% during the 3rd quarter. International Assets Investment Management LLC now owns 62,132 shares of the industrial products company’s stock valued at $34,573,000 after acquiring an additional 62,028 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Roper Technologies by 57.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,154 shares of the industrial products company’s stock valued at $2,311,000 after acquiring an additional 1,522 shares in the last quarter. Arkadios Wealth Advisors raised its stake in Roper Technologies by 11.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,387 shares of the industrial products company’s stock valued at $772,000 after acquiring an additional 147 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Roper Technologies by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,462 shares of the industrial products company’s stock valued at $6,934,000 after acquiring an additional 825 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Roper Technologies by 3.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 35,195 shares of the industrial products company’s stock valued at $19,584,000 after acquiring an additional 1,250 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Truist Financial reaffirmed 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. Barclays lowered 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 reiterated 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. Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. Finally, TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $623.60.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $587.34 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $62.98 billion, a price-to-earnings ratio of 40.96, a PEG ratio of 2.77 and a beta of 1.05. The stock’s fifty day simple moving average is $542.93 and its 200 day simple moving average is $548.71. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $593.91.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock worth $2,947,475 in the last three months. 0.87% of the stock is currently owned by insiders.

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.