Osprey Private Wealth LLC Acquires 45 Shares of Roper Technologies, Inc. (NYSE:ROP)

Osprey Private Wealth LLC grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.1% during the 4th quarter, Holdings Channel reports. The fund owned 4,165 shares of the industrial products company’s stock after buying an additional 45 shares during the period. Osprey Private Wealth LLC’s holdings in Roper Technologies were worth $2,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies in the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares in the last quarter. Global Wealth Strategies & Associates increased its stake in shares of Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 33 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Roper Technologies by 40.7% in the fourth quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 33 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Roper Technologies by 59.0% in the third quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 46 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

Roper Technologies stock opened at $577.67 on Wednesday. The firm has a 50-day moving average price of $536.31 and a 200-day moving average price of $544.68. The firm has a market capitalization of $61.94 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.31.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies 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 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. Insiders sold 4,351 shares of company stock worth $2,514,103 in the last 90 days. 0.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ROP. Mizuho raised their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Truist Financial reaffirmed a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays cut 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 dropped their price objective on shares of 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 lifted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.