Plato Investment Management Ltd Raises Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Plato Investment Management Ltd raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 41.4% during the fourth quarter, Holdings Channel reports. The firm owned 4,036 shares of the industrial products company’s stock after buying an additional 1,182 shares during the quarter. Plato Investment Management Ltd’s holdings in Roper Technologies were worth $2,106,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in Roper Technologies during the 4th quarter valued at $55,000. Jones Financial Companies Lllp boosted its holdings in shares of Roper Technologies by 33.0% during the 4th quarter. Jones Financial Companies Lllp now owns 14,177 shares of the industrial products company’s stock valued at $7,370,000 after buying an additional 3,515 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Roper Technologies by 41.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,831 shares of the industrial products company’s stock valued at $1,472,000 after buying an additional 825 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Roper Technologies by 18.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 911 shares of the industrial products company’s stock valued at $474,000 after buying an additional 141 shares in the last quarter. Finally, Hickory Point Bank & Trust bought a new stake in shares of Roper Technologies during the 4th quarter valued at $273,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now directly owns 20,187 shares of the company’s stock, 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. In the last 90 days, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of research reports. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. Barclays dropped their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Oppenheimer upped their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $585.81 on Tuesday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $593.91. The business has a 50-day simple moving average of $547.32 and a two-hundred day simple moving average of $550.10. 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 firm has a market cap of $62.91 billion, a price-to-earnings ratio of 40.85, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05.

About Roper Technologies

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.