Portfolio Design Labs LLC Raises Position in Roper Technologies, Inc. (NYSE:ROP)

Portfolio Design Labs LLC grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,063 shares of the industrial products company's stock after buying an additional 1,016 shares during the quarter. Portfolio Design Labs LLC's holdings in Roper Technologies were worth $3,152,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arlington Partners LLC increased its position in shares of Roper Technologies by 13.9% during the fourth quarter. Arlington Partners LLC now owns 7,962 shares of the industrial products company's stock worth $4,139,000 after acquiring an additional 970 shares during the last quarter. Elevate Capital Advisors LLC bought a new position in Roper Technologies in the 4th quarter valued at about $1,504,000. Legacy Financial Strategies LLC lifted its holdings in shares of Roper Technologies by 1.1% in the fourth quarter. Legacy Financial Strategies LLC now owns 5,971 shares of the industrial products company's stock valued at $3,068,000 after buying an additional 64 shares during the period. Compass Financial Services Inc bought a new position in shares of Roper Technologies in the fourth quarter valued at $154,000. Finally, Birch Hill Investment Advisors LLC boosted its holdings in shares of Roper Technologies by 27.9% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 4,466 shares of the industrial products company's stock worth $2,322,000 after buying an additional 975 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ROP. Truist Financial reiterated a "buy" rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird raised 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. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Finally, Raymond James restated a "strong-buy" rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $622.30.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president now owns 1,329 shares in the company, valued at approximately $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 three months, insiders have sold 5,101 shares of company stock worth $2,947,475. Company insiders own 0.87% of the company's stock.

Roper Technologies Stock Performance

Shares of Roper Technologies stock traded up $0.15 during mid-day trading on Friday, hitting $573.58. 353,178 shares of the stock were exchanged, compared to its average volume of 665,349. The company has a 50-day simple moving average of $538.46 and a 200 day simple moving average of $546.14. 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 has a market capitalization of $61.50 billion, a P/E ratio of 40.00, a P/E/G ratio of 2.78 and a beta of 1.05.

Roper Technologies Company 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.