Farmers & Merchants Investments Inc. Grows Position in Roper Technologies, Inc. (NYSE:ROP)

Farmers & Merchants Investments Inc. grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,386 shares of the industrial products company’s stock after buying an additional 135 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Roper Technologies were worth $21,515,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ledyard National Bank grew its stake in Roper Technologies by 2.1% during the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after purchasing an additional 18 shares during the last quarter. Meridian Financial Partners LLC boosted its position in Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock valued at $1,067,000 after buying an additional 20 shares during the last quarter. Cromwell Holdings LLC increased its holdings in Roper Technologies by 6.8% in the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after buying an additional 21 shares during the period. Hibernia Wealth Partners LLC raised its position in Roper Technologies by 4.2% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after buying an additional 21 shares during the last quarter. Finally, Ballast Advisors LLC lifted its stake in Roper Technologies by 1.3% during the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after acquiring an additional 21 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROP has been the subject of several recent research reports. Truist Financial reissued a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer boosted their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. 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. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned 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 an average rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies Stock Down 1.8 %

ROP stock opened at $572.76 on Friday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.44. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a 50-day simple moving average of $537.48 and a 200-day simple moving average of $545.25. The stock has a market capitalization of $61.42 billion, a P/E ratio of 39.94, a P/E/G ratio of 2.78 and a beta of 1.05.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,101 shares of company stock worth $2,947,475. Insiders own 0.87% of the company’s stock.

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.