Proficio Capital Partners LLC Acquires 279,795 Shares of Roper Technologies, Inc. (NYSE:ROP)

Proficio Capital Partners LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 59,278.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 280,267 shares of the industrial products company’s stock after buying an additional 279,795 shares during the quarter. Proficio Capital Partners LLC’s holdings in Roper Technologies were worth $145,697,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its position in Roper Technologies by 2.9% in the 3rd 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Roper Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock worth $1,357,162,000 after buying an additional 51,131 shares during the period. Wellington Management Group LLP grew its holdings 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 buying an additional 345,268 shares in the last quarter. JPMorgan Chase & Co. raised its position in Roper Technologies by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company’s stock valued at $368,382,000 after buying an additional 45,947 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Roper Technologies by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company’s stock valued at $361,076,000 after acquiring an additional 9,653 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the 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 transaction, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % 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. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

ROP has been the topic of a number of recent research reports. Barclays lowered their price objective 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. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research note on Friday, January 31st. Truist Financial restated a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and increased 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 given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Trading Down 2.1 %

ROP stock opened at $575.15 on Thursday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $593.91. The stock has a market cap of $61.67 billion, a price-to-earnings ratio of 40.11, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The company has a fifty day moving average price of $543.90 and a two-hundred day moving average price of $548.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

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.