Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 32.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,782 shares of the industrial products company’s stock after purchasing an additional 674 shares during the quarter. Empowered Funds LLC’s holdings in Roper Technologies were worth $1,446,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Roper Technologies by 87.8% in the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after acquiring an additional 345,268 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Roper Technologies during the fourth quarter valued at $69,382,000. Loomis Sayles & Co. L P boosted its holdings in Roper Technologies by 25.8% in the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock valued at $360,811,000 after purchasing an additional 132,913 shares during the last quarter. State Street Corp grew its position in Roper Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after purchasing an additional 132,575 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Roper Technologies by 37.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock valued at $238,125,000 after buying an additional 116,523 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ROP shares. Truist Financial restated a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on shares of 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 upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $622.30.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on Friday, January 31st. The stock was 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 three months, insiders sold 5,101 shares of company stock worth $2,947,475. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 0.0 %

ROP stock opened at $573.58 on Monday. The stock has a market capitalization of $61.50 billion, a P/E ratio of 40.00, a P/E/G ratio of 2.78 and a beta of 1.05. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.43. The firm has a 50-day simple moving average of $538.46 and a 200-day simple moving average of $546.15. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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.