LVZ Inc. Has $413,000 Holdings in Roper Technologies, Inc. (NYSE:ROP)

LVZ Inc. increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 25.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 794 shares of the industrial products company’s stock after purchasing an additional 162 shares during the quarter. LVZ Inc.’s holdings in Roper Technologies were worth $413,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. National Pension Service grew its holdings in shares of Roper Technologies by 10.7% in the 3rd quarter. National Pension Service now owns 240,120 shares of the industrial products company’s stock valued at $133,612,000 after acquiring an additional 23,226 shares in the last quarter. QRG Capital Management Inc. grew its stake in Roper Technologies by 7.3% in the third quarter. QRG Capital Management Inc. now owns 1,919 shares of the industrial products company’s stock valued at $1,068,000 after purchasing an additional 130 shares in the last quarter. FSM Wealth Advisors LLC increased its position in shares of Roper Technologies by 2.0% during the 3rd quarter. FSM Wealth Advisors LLC now owns 1,434 shares of the industrial products company’s stock worth $798,000 after purchasing an additional 28 shares during the last quarter. Martin Investment Management LLC raised its stake in shares of Roper Technologies by 3.5% during the 3rd quarter. Martin Investment Management LLC now owns 12,578 shares of the industrial products company’s stock worth $6,999,000 after purchasing an additional 431 shares in the last quarter. Finally, United Advisor Group LLC boosted its holdings in shares of Roper Technologies by 26.2% in the 3rd quarter. United Advisor Group LLC now owns 862 shares of the industrial products company’s stock valued at $480,000 after buying an additional 179 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Down 0.2 %

ROP stock opened at $584.83 on Wednesday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $593.91. 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 stock has a market capitalization of $62.80 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.77 and a beta of 1.05. The business’s fifty day moving average price is $548.45 and its two-hundred day moving average price is $550.36.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 in the last quarter. 0.87% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ROP shares. Raymond James restated 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. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Oppenheimer lifted their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Barclays decreased their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $623.60.

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.