Roper Technologies, Inc. (NYSE:ROP) Stake Lifted by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 3,699.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 103,034 shares of the industrial products company’s stock after purchasing an additional 100,322 shares during the period. Roper Technologies makes up 2.0% of Bryn Mawr Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. Bryn Mawr Capital Management LLC owned about 0.10% of Roper Technologies worth $53,562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROP. Fortitude Family Office LLC purchased a new position in Roper Technologies during the 3rd quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. grew its position in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Roper Technologies during the 4th quarter worth $45,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Roper Technologies in the 4th quarter worth $49,000. Finally, Global Wealth Strategies & Associates lifted its stake in shares of Roper Technologies by 49.3% in the 4th 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. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROP. JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Barclays reduced their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Robert W. Baird raised their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Oppenheimer raised their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $622.30.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of Roper Technologies 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated 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 sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Performance

NYSE:ROP opened at $572.53 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $539.42 and a two-hundred day moving average price of $546.62. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $584.43. The company has a market capitalization of $61.39 billion, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05.

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.