WealthPlan Investment Management LLC Has $3.06 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

WealthPlan Investment Management LLC raised its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 18.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,884 shares of the industrial products company's stock after purchasing an additional 900 shares during the quarter. WealthPlan Investment Management LLC's holdings in Roper Technologies were worth $3,059,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ROP. Ledyard National Bank raised its position in shares of Roper Technologies by 2.1% during the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock worth $499,000 after acquiring an additional 18 shares during the last quarter. Meridian Financial Partners LLC grew its stake in shares of Roper Technologies by 1.0% during the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock worth $1,067,000 after purchasing an additional 20 shares during the period. Cromwell Holdings LLC grew 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 worth $185,000 after purchasing an additional 21 shares during the period. Hibernia Wealth Partners LLC grew its stake in shares of Roper Technologies by 4.2% during 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 period. Finally, Ballast Advisors LLC grew its stake in shares of Roper Technologies by 1.3% during the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company's stock worth $921,000 after purchasing an additional 21 shares during the period. Institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

Shares of ROP traded up $4.51 during trading hours on Wednesday, reaching $577.04. The stock had a trading volume of 477,980 shares, compared to its average volume of 658,706. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $584.43. The stock has a market capitalization of $61.88 billion, a PE ratio of 40.24, a PEG ratio of 2.74 and a beta of 1.05. 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's 50-day moving average is $539.42 and its two-hundred day moving average is $546.62.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays decreased their target price on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and boosted their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer boosted their target price on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Royal Bank of Canada decreased their target price on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Finally, Robert W. Baird upped 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. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $622.30.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction 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 directly owns 20,187 shares of the company's stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction dated 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 transaction, the vice president now directly owns 38,932 shares of the company's stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % 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 valued at $2,947,475 in the last three months. Insiders own 0.87% of the company's stock.

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.