Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Davis Rea LTD.

Davis Rea LTD. raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 224.8% in the fourth quarter, HoldingsChannel reports. The fund owned 16,404 shares of the industrial products company’s stock after purchasing an additional 11,354 shares during the period. Roper Technologies accounts for approximately 4.3% of Davis Rea LTD.’s investment portfolio, making the stock its 12th largest holding. Davis Rea LTD.’s holdings in Roper Technologies were worth $8,528,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Manchester Capital Management LLC raised its stake in shares of Roper Technologies by 1.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock valued at $592,000 after acquiring an additional 18 shares during the period. Meridian Financial Partners LLC increased its holdings in Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock valued at $1,067,000 after purchasing an additional 20 shares during the last quarter. Principal Securities Inc. lifted its stake in Roper Technologies by 0.5% during the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock worth $2,231,000 after purchasing an additional 20 shares in the last quarter. Exchange Capital Management Inc. boosted its position in shares of Roper Technologies by 0.7% during the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock worth $1,426,000 after buying an additional 20 shares during the period. Finally, Ballast Advisors LLC grew its stake in shares of Roper Technologies by 1.3% in the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after buying an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Down 0.5 %

Shares of NYSE ROP opened at $572.50 on Friday. The business has a 50-day moving average of $544.92 and a two-hundred day moving average of $549.05. The company has a market capitalization of $61.39 billion, a price-to-earnings ratio of 39.92, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $593.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Insider Buying and Selling

In other news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction on 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 transaction, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 over the last 90 days. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Truist Financial reissued a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

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.