Exchange Capital Management Inc. Raises Holdings in Roper Technologies, Inc. (NYSE:ROP)

Exchange Capital Management Inc. lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 0.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,744 shares of the industrial products company’s stock after acquiring an additional 20 shares during the period. Exchange Capital Management Inc.’s holdings in Roper Technologies were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in Roper Technologies during the 3rd quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Roper Technologies by 7,500.0% in 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 purchasing an additional 75 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies during the fourth quarter worth $49,000. Finally, Global Wealth Strategies & Associates lifted its stake in Roper Technologies by 49.3% in 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. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROP has been the subject of several research reports. Barclays dropped their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Raymond James reiterated a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer boosted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 price target on Roper Technologies in a research report on Friday, January 31st. Finally, Truist Financial restated a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $623.60.

Roper Technologies Trading Up 0.4 %

Shares of Roper Technologies stock opened at $576.58 on Tuesday. The company has a fifty day simple moving average of $541.92 and a 200-day simple moving average of $548.28. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.43. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market cap of $61.83 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 2.77 and a beta of 1.05.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock worth $2,947,475 over the last 90 days. Corporate 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.