Lord & Richards Wealth Management LLC Takes Position in Roper Technologies, Inc. (NYSE:ROP)

Lord & Richards Wealth Management LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 947 shares of the industrial products company’s stock, valued at approximately $492,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ROP. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Roper Technologies by 22.6% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 3,352 shares of the industrial products company’s stock valued at $1,865,000 after purchasing an additional 617 shares during the last quarter. Good Life Advisors LLC grew its position in Roper Technologies by 13.1% during the third quarter. Good Life Advisors LLC now owns 3,511 shares of the industrial products company’s stock worth $1,954,000 after buying an additional 407 shares in the last quarter. Bleakley Financial Group LLC grew its position in Roper Technologies by 2.3% during the third quarter. Bleakley Financial Group LLC now owns 2,314 shares of the industrial products company’s stock worth $1,288,000 after buying an additional 51 shares in the last quarter. Drake & Associates LLC acquired a new stake in Roper Technologies during the third quarter worth approximately $267,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Roper Technologies by 3.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,160 shares of the industrial products company’s stock worth $7,323,000 after buying an additional 383 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.0 %

Shares of ROP opened at $573.58 on Friday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.43. The stock has a market capitalization of $61.50 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 2.78 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a fifty day moving average of $538.01 and a 200-day moving average of $545.95.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 351 shares of the firm’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 completion of the transaction, the director now directly owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction 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 directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,101 shares of company stock valued at $2,947,475 in the last three months. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. TD Cowen raised 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 set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $622.30.

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.