Arlington Partners LLC Boosts Position in Roper Technologies, Inc. (NYSE:ROP)

Arlington Partners LLC boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,962 shares of the industrial products company’s stock after purchasing an additional 970 shares during the quarter. Arlington Partners LLC’s holdings in Roper Technologies were worth $4,139,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Elevate Capital Advisors LLC purchased a new stake in Roper Technologies during the fourth quarter worth $1,504,000. Legacy Financial Strategies LLC boosted its position in Roper Technologies by 1.1% during the fourth quarter. Legacy Financial Strategies LLC now owns 5,971 shares of the industrial products company’s stock worth $3,068,000 after purchasing an additional 64 shares in the last quarter. Compass Financial Services Inc purchased a new stake in Roper Technologies during the fourth quarter worth $154,000. Birch Hill Investment Advisors LLC boosted its position in Roper Technologies by 27.9% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 4,466 shares of the industrial products company’s stock worth $2,322,000 after purchasing an additional 975 shares in the last quarter. Finally, Thompson Investment Management Inc. boosted its position in Roper Technologies by 625.0% during the fourth quarter. Thompson Investment Management Inc. now owns 290 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 250 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROP has been the topic of several recent research reports. Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Truist Financial restated a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Raymond James restated a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. One equities research 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies Stock Performance

Roper Technologies stock opened at $572.76 on Monday. The firm has a market capitalization of $61.42 billion, a P/E ratio of 31.85, a PEG ratio of 2.78 and a beta of 1.05. The stock has a fifty day moving average price of $537.48 and a 200 day moving average price of $545.05. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.44. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is currently owned by insiders.

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.