Empowered Funds LLC Acquires 674 Shares of Roper Technologies, Inc. (NYSE:ROP)

Empowered Funds LLC increased its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 32.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,782 shares of the industrial products company's stock after purchasing an additional 674 shares during the period. Empowered Funds LLC's holdings in Roper Technologies were worth $1,446,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ROP. Ledyard National Bank boosted its stake in Roper Technologies by 2.1% in the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock valued at $499,000 after buying an additional 18 shares in the last quarter. Meridian Financial Partners LLC boosted its stake 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 buying an additional 20 shares in the last quarter. Cromwell Holdings LLC boosted its stake in Roper Technologies by 6.8% in the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company's stock valued at $185,000 after buying an additional 21 shares in the last quarter. Hibernia Wealth Partners LLC boosted its stake in Roper Technologies by 4.2% in the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company's stock valued at $291,000 after buying an additional 21 shares in the last quarter. Finally, Ballast Advisors LLC boosted its stake in Roper Technologies by 1.3% in the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company's stock valued at $921,000 after buying an additional 21 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Truist Financial reissued a "buy" rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Barclays cut their price target on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Finally, TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $622.30.

Insider Buying and Selling at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction 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 completion of the sale, the vice president now directly owns 38,932 shares of the company's stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares of the company's stock, 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. Over the last three months, insiders have sold 5,101 shares of company stock valued at $2,947,475. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Trading Up 0.8 %

ROP traded up $4.38 during trading on Thursday, hitting $581.42. The company's stock had a trading volume of 474,563 shares, compared to its average volume of 653,118. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $584.43. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock's fifty day moving average price is $539.96 and its 200-day moving average price is $546.84. The firm has a market capitalization of $62.35 billion, a P/E ratio of 40.55, a PEG ratio of 2.73 and a beta of 1.05.

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.