Entropy Technologies LP Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

Entropy Technologies LP purchased a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,554 shares of the industrial products company's stock, valued at approximately $6,526,000. Roper Technologies comprises 0.7% of Entropy Technologies LP's investment portfolio, making the stock its 16th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. Fortitude Family Office LLC bought a new position in shares of Roper Technologies during the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 75 shares during the period. Golden State Wealth Management LLC bought a new stake in Roper Technologies during the 4th quarter valued at $45,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Roper Technologies during the 4th quarter worth about $49,000. Finally, Global Wealth Strategies & Associates lifted its stake in Roper Technologies by 49.3% during the fourth 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. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Price Performance

Shares of ROP traded down $14.59 during trading hours on Wednesday, reaching $566.76. The stock had a trading volume of 688,502 shares, 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 12 month low of $499.47 and a 12 month high of $584.43. The company's 50-day moving average is $537.88 and its two-hundred day moving average is $545.61. The stock has a market capitalization of $60.77 billion, a PE ratio of 39.52, a PEG ratio of 2.78 and a beta of 1.05.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of recent research reports. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Royal Bank of Canada lowered their price target on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Oppenheimer raised their price target on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $675.00 price target (up from $665.00) 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 issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $622.30.

Insiders Place Their Bets

In related news, VP John K. Stipancich sold 1,000 shares of the business's stock in a transaction dated 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 approximately $22,504,253.28. The trade was a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares of the company's stock, valued at $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,101 shares of company stock worth $2,947,475. Company insiders own 0.87% of the company's stock.

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.