IFP Advisors Inc Has $2.04 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

IFP Advisors Inc grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 7.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,920 shares of the industrial products company’s stock after buying an additional 288 shares during the quarter. IFP Advisors Inc’s holdings in Roper Technologies were worth $2,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after buying an additional 132,575 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Roper Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock worth $1,357,162,000 after buying an additional 51,131 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after buying an additional 345,268 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Roper Technologies by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company’s stock worth $368,382,000 after purchasing an additional 45,947 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Roper Technologies by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company’s stock worth $361,076,000 after purchasing an additional 9,653 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ROP shares. Raymond James reiterated a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer lifted their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Barclays dropped their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Trading Up 1.9 %

Shares of ROP opened at $587.34 on Wednesday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $593.91. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $62.98 billion, a price-to-earnings ratio of 40.96, a P/E/G ratio of 2.77 and a beta of 1.05. The stock’s 50-day moving average price is $542.93 and its 200 day moving average price is $548.71.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were 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 directly owns 31,522 shares in the company, valued at $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. Over the last ninety days, insiders have sold 5,101 shares of company stock valued at $2,947,475. 0.87% of the stock is currently owned by corporate 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.