Lord & Richards Wealth Management LLC Invests $492,000 in Roper Technologies, Inc. (NYSE:ROP)

Lord & Richards Wealth Management LLC bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 947 shares of the industrial products company’s stock, valued at approximately $492,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROP. Wellington Management Group LLP grew its stake in shares of Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after purchasing an additional 345,268 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Roper Technologies during the fourth quarter worth $69,382,000. Loomis Sayles & Co. L P grew its stake in Roper Technologies by 25.8% in the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock valued at $360,811,000 after acquiring an additional 132,913 shares during the period. State Street Corp grew its stake in 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 valued at $2,632,199,000 after acquiring an additional 132,575 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Roper Technologies by 37.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock valued at $238,125,000 after acquiring an additional 116,523 shares during the period. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

ROP opened at $573.58 on Friday. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.43. The firm has a market capitalization of $61.50 billion, a PE ratio of 31.85, a PEG ratio of 2.78 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The business’s 50-day simple moving average is $538.01 and its 200 day simple moving average is $545.95.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ROP shares. Raymond James reissued a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird boosted their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Truist Financial reissued a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Royal Bank of Canada cut their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $622.30.

Insider Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction that occurred on 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 owns 1,329 shares in the company, valued at $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,101 shares of company stock worth $2,947,475. 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.