Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Klingenstein Fields & Co. LP

Klingenstein Fields & Co. LP grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,351 shares of the industrial products company’s stock after acquiring an additional 144 shares during the quarter. Klingenstein Fields & Co. LP’s holdings in Roper Technologies were worth $20,457,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ROP. Ritholtz Wealth Management increased its holdings in shares of Roper Technologies by 3.6% in the 3rd quarter. Ritholtz Wealth Management now owns 779 shares of the industrial products company’s stock valued at $434,000 after acquiring an additional 27 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Roper Technologies during the 3rd quarter worth approximately $1,021,000. CX Institutional lifted its position in Roper Technologies by 7.2% during the 3rd quarter. CX Institutional now owns 2,262 shares of the industrial products company’s stock worth $1,259,000 after acquiring an additional 152 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in Roper Technologies by 22.6% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 3,352 shares of the industrial products company’s stock worth $1,865,000 after acquiring an additional 617 shares during the period. Finally, Carderock Capital Management Inc. lifted its position in Roper Technologies by 4.0% during the 3rd quarter. Carderock Capital Management Inc. now owns 14,233 shares of the industrial products company’s stock worth $7,920,000 after acquiring an additional 544 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 1.2 %

NYSE:ROP opened at $573.43 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $584.43. The business’s 50-day simple moving average is $537.70 and its 200 day simple moving average is $545.76. The stock has a market cap of $61.49 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Royal Bank of Canada decreased their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Mizuho raised their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $622.30.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the business’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 completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brandon L. Cross sold 750 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the sale, the vice president now directly owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is currently owned by corporate 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.