Schwartz Investment Counsel Inc. Has $71.58 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Schwartz Investment Counsel Inc. grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,700 shares of the industrial products company’s stock after purchasing an additional 25,000 shares during the period. Roper Technologies makes up about 2.6% of Schwartz Investment Counsel Inc.’s holdings, making the stock its 9th biggest position. Schwartz Investment Counsel Inc.’s holdings in Roper Technologies were worth $71,583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. CWM LLC boosted its holdings in shares of Roper Technologies by 18.6% in the third quarter. CWM LLC now owns 3,584 shares of the industrial products company’s stock worth $1,994,000 after acquiring an additional 563 shares during the period. Valeo Financial Advisors LLC purchased a new position in Roper Technologies during the 3rd quarter valued at about $211,000. Ritholtz Wealth Management increased its position in shares of Roper Technologies by 3.6% during the third quarter. Ritholtz Wealth Management now owns 779 shares of the industrial products company’s stock valued at $434,000 after buying an additional 27 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Roper Technologies in the third quarter valued at approximately $1,021,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Roper Technologies by 19.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 565 shares of the industrial products company’s stock valued at $314,000 after acquiring an additional 93 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This trade represents 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 worth $2,947,475. 0.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ROP. Truist Financial restated a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer boosted their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays decreased their price objective 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 lifted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies Trading Up 1.2 %

NYSE ROP opened at $581.35 on Wednesday. The stock has a 50-day moving average of $537.59 and a 200-day moving average of $545.38. 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, Inc. has a 1-year low of $499.47 and a 1-year high of $584.43. The firm has a market cap of $62.34 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 2.78 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.