Tectonic Advisors LLC Acquires 381 Shares of Roper Technologies, Inc. (NYSE:ROP)

Tectonic Advisors LLC lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,632 shares of the industrial products company’s stock after acquiring an additional 381 shares during the period. Tectonic Advisors LLC’s holdings in Roper Technologies were worth $1,888,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ROP. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the third quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. boosted its stake 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 worth $40,000 after acquiring an additional 75 shares during the last quarter. Global Wealth Strategies & Associates lifted its stake 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 buying an additional 33 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Roper Technologies by 40.7% during the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after buying an additional 33 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of Roper Technologies by 59.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company’s stock valued at $69,000 after buying an additional 46 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.1 %

Shares of Roper Technologies stock opened at $577.67 on Wednesday. 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. The firm has a market capitalization of $61.94 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 2.76 and a beta of 1.05. The firm’s 50 day simple moving average is $536.63 and its two-hundred day simple moving average is $544.75.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ROP shares. Truist Financial reiterated a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Oppenheimer upped their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Royal Bank of Canada reduced 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, Raymond James reiterated a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $622.30.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction on 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 directly owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction 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 directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,351 shares of company stock worth $2,514,103 over the last 90 days. 0.87% of the stock is currently owned by company insiders.

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.