Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Sigma Planning Corp

Sigma Planning Corp lifted its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,048 shares of the industrial products company’s stock after acquiring an additional 21 shares during the period. Sigma Planning Corp’s holdings in Roper Technologies were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Redmond Asset Management LLC acquired a new stake in Roper Technologies in the fourth quarter worth approximately $504,000. VisionPoint Advisory Group LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth $64,000. Bradley Foster & Sargent Inc. CT lifted its holdings 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 valued at $778,000 after buying an additional 100 shares during the period. Suncoast Equity Management lifted its holdings in shares of Roper Technologies by 11.1% in the fourth quarter. Suncoast Equity Management now owns 1,540 shares of the industrial products company’s stock valued at $801,000 after buying an additional 154 shares during the period. Finally, Tandem Investment Advisors Inc. boosted its stake in Roper Technologies by 3.2% during the fourth quarter. Tandem Investment Advisors Inc. now owns 65,535 shares of the industrial products company’s stock valued at $34,069,000 after buying an additional 2,040 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Activity at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,101 shares of company stock valued at $2,947,475. 0.87% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Barclays dropped their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies Stock Performance

Shares of ROP stock opened at $576.58 on Tuesday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.43. The stock’s 50-day moving average is $541.92 and its two-hundred day moving average is $548.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm has a market cap of $61.83 billion, a P/E ratio of 40.21, a PEG ratio of 2.77 and a beta of 1.05.

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.