TCW Group Inc. Grows Holdings in Roper Technologies, Inc. (NYSE:ROP)

TCW Group Inc. raised its position in Roper Technologies, Inc. (NYSE:ROP) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,333 shares of the industrial products company’s stock after buying an additional 669 shares during the period. TCW Group Inc.’s holdings in Roper Technologies were worth $6,411,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ROP. Capital City Trust Co. FL boosted its holdings in Roper Technologies by 0.5% in the fourth quarter. Capital City Trust Co. FL now owns 9,871 shares of the industrial products company’s stock valued at $5,131,000 after purchasing an additional 46 shares during the last quarter. Sigma Planning Corp raised its position in shares of Roper Technologies by 1.0% in the 4th quarter. Sigma Planning Corp now owns 2,048 shares of the industrial products company’s stock valued at $1,065,000 after purchasing an additional 21 shares in the last quarter. Redmond Asset Management LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at approximately $504,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth approximately $64,000. Finally, Bradley Foster & Sargent Inc. CT increased its stake in shares of Roper Technologies by 7.2% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 1,497 shares of the industrial products company’s stock worth $778,000 after buying an additional 100 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the business’s 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock valued at $2,947,475 over the last three months. Company insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 1.3 %

Shares of NYSE ROP opened at $574.05 on Monday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.43. The company has a market cap of $61.55 billion, a price-to-earnings ratio of 40.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. 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 stock’s 50 day simple moving average is $541.23 and its 200 day simple moving average is $547.90.

Analysts Set New Price Targets

A number of research firms have commented on ROP. Barclays reduced 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 note on Wednesday, January 8th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Truist Financial reissued a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer increased their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.