Tandem Investment Advisors Inc. Has $34.07 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Tandem Investment Advisors Inc. lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,535 shares of the industrial products company’s stock after buying an additional 2,040 shares during the period. Tandem Investment Advisors Inc. owned about 0.06% of Roper Technologies worth $34,069,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after purchasing an additional 345,268 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Roper Technologies during the 4th quarter worth approximately $69,382,000. Loomis Sayles & Co. L P boosted its holdings 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 valued at $360,811,000 after buying an additional 132,913 shares during the last quarter. State Street Corp grew its stake in shares of Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock valued at $2,632,199,000 after buying an additional 132,575 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Roper Technologies by 37.4% during the third 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 buying an additional 116,523 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ROP. Oppenheimer increased their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Barclays cut their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Raymond James restated a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price 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 issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $581.42 on Friday. The firm has a market cap of $62.35 billion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05. The business’s 50 day moving average is $540.62 and its 200-day moving average is $547.08. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.43.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred 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 is available at this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction that occurred 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 sale, the vice president now owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock valued at $2,947,475 in the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

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.