1,885 Shares in Roper Technologies, Inc. (NYSE:ROP) Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,885 shares of the industrial products company's stock, valued at approximately $980,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ledyard National Bank boosted its holdings in Roper Technologies by 2.1% during the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock valued at $499,000 after acquiring an additional 18 shares during the period. Meridian Financial Partners LLC lifted its position in Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock valued at $1,067,000 after purchasing an additional 20 shares during the last quarter. Cromwell Holdings LLC boosted its stake in shares of Roper Technologies by 6.8% during the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 21 shares during the period. Hibernia Wealth Partners LLC grew its holdings in shares of Roper Technologies by 4.2% in the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company's stock worth $291,000 after purchasing an additional 21 shares during the last quarter. Finally, Ballast Advisors LLC increased its stake in shares of Roper Technologies by 1.3% in the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company's stock worth $921,000 after buying an additional 21 shares during the period. 93.31% of the stock is owned by institutional investors.

Insider Activity

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the business'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 sale, the vice president now directly owns 1,329 shares of the company's stock, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,101 shares of company stock worth $2,947,475. Corporate insiders own 0.87% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ROP. Oppenheimer increased their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Truist Financial reiterated a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Mizuho upped their target price on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $622.30.

Roper Technologies Stock Up 1.2 %

Shares of NYSE ROP traded up $6.83 during mid-day trading on Tuesday, hitting $581.35. 552,398 shares of the stock traded hands, compared to its average volume of 689,163. The stock has a fifty day moving average price of $537.59 and a 200-day moving average price of $545.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market cap of $62.34 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 2.78 and a beta of 1.05. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.43.

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.