Schwartz Investment Counsel Inc. Buys 25,000 Shares of Roper Technologies, Inc. (NYSE:ROP)

Schwartz Investment Counsel Inc. grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,700 shares of the industrial products company's stock after purchasing an additional 25,000 shares during the period. Roper Technologies makes up 2.6% of Schwartz Investment Counsel Inc.'s portfolio, making the stock its 9th biggest holding. Schwartz Investment Counsel Inc. owned 0.13% of Roper Technologies worth $71,583,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new position in shares of Roper Technologies during the 3rd quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Roper Technologies during the 4th quarter valued at about $45,000. Ameliora Wealth Management Ltd. bought a new position in shares of Roper Technologies during the 4th quarter valued at about $49,000. Finally, Global Wealth Strategies & Associates boosted its position in shares of Roper Technologies by 49.3% during the 4th 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 in the last quarter. Institutional investors own 93.31% of the company's stock.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the firm's 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 approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,101 shares of company stock valued at $2,947,475. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Up 0.0 %

Shares of NYSE ROP traded up $0.15 during mid-day trading on Friday, reaching $573.58. The company had a trading volume of 353,178 shares, compared to its average volume of 665,349. The stock has a fifty day moving average of $538.46 and a two-hundred day 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. The company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 2.78 and a beta of 1.05. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.43.

Wall Street Analyst Weigh In

ROP has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Barclays reduced their price objective 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. Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Robert W. Baird upped their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $622.30.

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.