Forvis Mazars Wealth Advisors LLC Buys 241 Shares of Roper Technologies, Inc. (NYSE:ROP)

Forvis Mazars Wealth Advisors LLC boosted its stake in Roper Technologies, Inc. (NYSE:ROP) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,192 shares of the industrial products company’s stock after acquiring an additional 241 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Roper Technologies were worth $3,739,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new stake in Roper Technologies in the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. raised its position in Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 75 shares during the period. Golden State Wealth Management LLC bought a new stake in Roper Technologies in the fourth quarter worth about $45,000. Ameliora Wealth Management Ltd. bought a new stake in Roper Technologies in the fourth quarter worth about $49,000. Finally, Global Wealth Strategies & Associates raised its position in Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 33 shares during the period. Institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ROP shares. Barclays lowered their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer boosted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Truist Financial reissued a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $623.60.

Insider Activity at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction on 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 transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,101 shares of company stock valued at $2,947,475. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $574.05 on Friday. The company has a 50 day moving average of $541.23 and a 200 day moving average of $547.67. The stock has a market cap of $61.55 billion, a P/E ratio of 40.03, a P/E/G ratio of 2.77 and a beta of 1.05. 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.

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.