124 Shares in Roper Technologies, Inc. (NYSE:ROP) Bought by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 124 shares of the industrial products company’s stock, valued at approximately $64,000.

Several other large investors have also bought and sold shares of the stock. Manchester Capital Management LLC raised its position in shares of Roper Technologies by 1.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 18 shares in the last quarter. Meridian Financial Partners LLC raised its position in shares of Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 20 shares in the last quarter. Principal Securities Inc. raised its position in shares of Roper Technologies by 0.5% in the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock worth $2,231,000 after acquiring an additional 20 shares in the last quarter. Cromwell Holdings LLC raised its position in shares of Roper Technologies by 6.8% in the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 21 shares in the last quarter. Finally, Hibernia Wealth Partners LLC raised its position in shares of Roper Technologies by 4.2% in the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 21 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the transaction, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,101 shares of company stock worth $2,947,475. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ROP. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Barclays lowered their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Truist Financial reissued a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer raised their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies Price Performance

ROP stock opened at $574.05 on Friday. The company has a market capitalization of $61.56 billion, a P/E ratio of 40.03, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.43. The business has a 50-day simple moving average of $541.23 and a two-hundred day simple moving average of $547.47.

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.