WealthBridge Capital Management LLC Acquires 132 Shares of Roper Technologies, Inc. (NYSE:ROP)

WealthBridge Capital Management LLC lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 21.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 752 shares of the industrial products company’s stock after purchasing an additional 132 shares during the period. WealthBridge Capital Management LLC’s holdings in Roper Technologies were worth $391,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ROP. Wellington Management Group LLP lifted its stake 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 worth $410,977,000 after purchasing an additional 345,268 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Roper Technologies in the 4th quarter worth approximately $69,382,000. Loomis Sayles & Co. L P lifted its stake in shares of Roper Technologies by 25.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock worth $360,811,000 after purchasing an additional 132,913 shares during the period. State Street Corp lifted its stake in shares of Roper Technologies by 2.9% in 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 lifted its stake in shares of Roper Technologies by 37.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock worth $238,125,000 after purchasing an additional 116,523 shares during the period. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.8 %

Shares of ROP opened at $577.04 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $584.43. The company has a 50 day simple moving average of $539.96 and a two-hundred day simple moving average of $546.84. The firm has a market cap of $61.88 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 2.73 and a beta of 1.05.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ROP shares. Oppenheimer increased their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Barclays reduced their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Robert W. Baird increased their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Insider Buying and Selling at Roper Technologies

In other news, VP Brandon L. Cross sold 750 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, 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. Insiders sold a total of 5,101 shares of company stock valued at $2,947,475 in the last three months. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies 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.