947 Shares in Roper Technologies, Inc. (NYSE:ROP) Acquired by Lord & Richards Wealth Management LLC

Lord & Richards Wealth Management LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 947 shares of the industrial products company's stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROP. PNC Financial Services Group Inc. increased its stake in shares of Roper Technologies by 5.4% during the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company's stock worth $19,282,000 after purchasing an additional 1,789 shares during the period. Citigroup Inc. lifted its position in shares of Roper Technologies by 17.6% during the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company's stock valued at $106,050,000 after acquiring an additional 28,555 shares during the period. Douglas Lane & Associates LLC raised its position in shares of Roper Technologies by 18.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after buying an additional 17,466 shares in the last quarter. Synovus Financial Corp increased its stake in shares of Roper Technologies by 19.6% in the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after purchasing an additional 961 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Roper Technologies by 52.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company's stock valued at $2,747,000 after acquiring an additional 1,699 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Up 0.8 %

NYSE ROP traded up $4.51 during trading on Wednesday, hitting $577.04. 477,980 shares of the company's stock traded hands, compared to its average volume of 658,706. The stock has a fifty day moving average of $539.96 and a two-hundred day moving average of $546.84. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month 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. The firm has a market cap of $61.88 billion, a P/E ratio of 40.24, a PEG ratio of 2.74 and a beta of 1.05.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares of the company's stock, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,101 shares of company stock worth $2,947,475 over the last quarter. 0.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays lowered their target price on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada cut their target price on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Raymond James reissued a "strong-buy" rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.