Roper Technologies, Inc. (NYSE:ROP) Position Increased by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 19.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,772 shares of the industrial products company’s stock after buying an additional 284 shares during the quarter. D.A. Davidson & CO.’s holdings in Roper Technologies were worth $921,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC raised its stake in Roper Technologies by 228.3% during the 4th quarter. Catalyst Capital Advisors LLC now owns 476 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 331 shares during the last quarter. Principal Securities Inc. lifted its holdings in Roper Technologies by 0.5% during the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock valued at $2,231,000 after purchasing an additional 20 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Roper Technologies during the 4th quarter valued at $1,025,000. Lord & Richards Wealth Management LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth approximately $492,000. Finally, Manchester Capital Management LLC boosted its position in 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 buying an additional 18 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE:ROP opened at $574.05 on Monday. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.43. 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 has a market cap of $61.55 billion, a P/E ratio of 40.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The stock’s 50-day moving average is $541.23 and its 200-day moving average is $547.90.

Insider Transactions at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,101 shares of company stock worth $2,947,475. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ROP shares. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Barclays dropped their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. One research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $623.60.

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.