Pine Valley Investments Ltd Liability Co Acquires 500 Shares of Roper Technologies, Inc. (NYSE:ROP)

Pine Valley Investments Ltd Liability Co increased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 11.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,010 shares of the industrial products company’s stock after purchasing an additional 500 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Roper Technologies were worth $2,604,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new position in Roper Technologies in the third quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Roper Technologies by 7,500.0% in 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 purchasing an additional 75 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Roper Technologies in the fourth quarter worth $45,000. Ameliora Wealth Management Ltd. purchased a new position in Roper Technologies in the fourth quarter worth $49,000. Finally, Global Wealth Strategies & Associates grew its holdings in Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on 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. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,101 shares of company stock valued at $2,947,475. 0.87% of the stock is owned by insiders.

Roper Technologies Price Performance

Shares of ROP opened at $587.34 on Wednesday. The firm has a market capitalization of $62.98 billion, a PE ratio of 40.96, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $593.91. The company’s fifty day moving average price is $542.93 and its 200-day moving average price is $548.71.

Analyst Ratings Changes

ROP has been the topic of several analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. Barclays cut their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

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.