Buckhead Capital Management LLC Grows Holdings in Roper Technologies, Inc. (NYSE:ROP)

Buckhead Capital Management LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,272 shares of the industrial products company's stock after purchasing an additional 1,301 shares during the period. Roper Technologies accounts for about 1.9% of Buckhead Capital Management LLC's holdings, making the stock its 12th biggest holding. Buckhead Capital Management LLC's holdings in Roper Technologies were worth $5,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SFE Investment Counsel increased its position in shares of Roper Technologies by 4.8% during the 4th quarter. SFE Investment Counsel now owns 9,303 shares of the industrial products company's stock worth $4,836,000 after purchasing an additional 424 shares during the last quarter. Avestar Capital LLC increased its holdings in Roper Technologies by 22.3% in the 4th quarter. Avestar Capital LLC now owns 769 shares of the industrial products company's stock valued at $400,000 after purchasing an additional 140 shares during the last quarter. MGB Wealth Management LLC increased its holdings in Roper Technologies by 6.0% in the 4th quarter. MGB Wealth Management LLC now owns 530 shares of the industrial products company's stock valued at $276,000 after purchasing an additional 30 shares during the last quarter. One Plus One Wealth Management LLC acquired a new stake in Roper Technologies in the 4th quarter valued at approximately $255,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Roper Technologies by 369.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,677 shares of the industrial products company's stock valued at $12,679,000 after buying an additional 19,423 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of Roper Technologies 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 directly owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred 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 completion of the sale, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock worth $2,947,475 in the last three months. Insiders own 0.87% of the company's stock.

Roper Technologies Stock Performance

Shares of ROP stock traded up $0.15 during midday trading on Monday, hitting $573.58. The company had a trading volume of 353,178 shares, compared to its average volume of 665,349. The company's 50 day simple moving average is $538.46 and its 200 day simple moving average is $546.16. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.43. The stock has a market cap of $61.50 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 2.78 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.

Analysts Set New Price Targets

ROP has been the subject of a number of research reports. Oppenheimer lifted 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. Barclays dropped their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. Robert W. Baird lifted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Royal Bank of Canada dropped their price target on shares of 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, 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 note on Friday, January 31st. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and an average target price of $622.30.

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.