Apollon Wealth Management LLC Grows Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Apollon Wealth Management LLC increased its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 10.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,314 shares of the industrial products company's stock after purchasing an additional 604 shares during the period. Apollon Wealth Management LLC's holdings in Roper Technologies were worth $3,283,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brookstone Capital Management boosted its holdings in Roper Technologies by 2.0% during the third quarter. Brookstone Capital Management now owns 1,133 shares of the industrial products company's stock worth $631,000 after buying an additional 22 shares during the last quarter. CWM LLC grew its stake in Roper Technologies by 18.6% in the third quarter. CWM LLC now owns 3,584 shares of the industrial products company's stock valued at $1,994,000 after purchasing an additional 563 shares in the last quarter. Albion Financial Group UT raised its position in Roper Technologies by 3,500.0% during the third quarter. Albion Financial Group UT now owns 252 shares of the industrial products company's stock worth $140,000 after acquiring an additional 245 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Roper Technologies by 551.7% in the third 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. Finally, Valeo Financial Advisors LLC acquired a new stake in Roper Technologies during the 3rd quarter valued at $211,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Activity at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade 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 90 days. 0.87% of the stock is owned by insiders.

Roper Technologies Price Performance

Roper Technologies stock traded down $14.59 during mid-day trading on Wednesday, hitting $566.76. 688,502 shares of the company traded hands, compared to its average volume of 689,153. 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 one year low of $499.47 and a one year high of $584.43. The stock has a market cap of $60.77 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The stock has a fifty day moving average price of $537.88 and a 200-day moving average price of $545.61.

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent analyst reports. Raymond James restated a "strong-buy" rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Robert W. Baird lifted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. 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. Finally, Mizuho boosted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $622.30.

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.