Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 27.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,466 shares of the industrial products company's stock after acquiring an additional 975 shares during the quarter. Birch Hill Investment Advisors LLC's holdings in Roper Technologies were worth $2,322,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ROP. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies in the 3rd quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Roper Technologies in the 4th quarter valued at about $45,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Roper Technologies in the 4th quarter valued at about $49,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 33 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Royal Bank of Canada reduced their price objective 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. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $622.30.

Roper Technologies Stock Performance

Shares of ROP stock traded down $14.59 during trading hours on Wednesday, reaching $566.76. 688,502 shares of the company's stock were exchanged, compared to its average volume of 689,153. The company has a market cap of $60.77 billion, a P/E ratio of 39.52, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The company's 50 day moving average is $537.88 and its two-hundred day moving average is $545.61. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $584.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Insider Transactions at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of the company'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 sale, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,101 shares of company stock valued at $2,947,475. Corporate insiders own 0.87% of the company's stock.

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.