Fairvoy Private Wealth LLC Makes New $2.03 Million Investment in Roper Technologies, Inc. (NYSE:ROP)

Fairvoy Private Wealth LLC bought a new position in Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,906 shares of the industrial products company’s stock, valued at approximately $2,031,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROP. Ameliora Wealth Management Ltd. purchased a new stake in Roper Technologies in the 4th quarter worth approximately $49,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Roper Technologies by 4.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,795 shares of the industrial products company’s stock valued at $7,171,000 after purchasing an additional 635 shares during the period. Silver Oak Securities Incorporated boosted its holdings in Roper Technologies by 8.3% during the fourth quarter. Silver Oak Securities Incorporated now owns 1,043 shares of the industrial products company’s stock worth $542,000 after buying an additional 80 shares in the last quarter. Tectonic Advisors LLC grew its position in Roper Technologies by 11.7% during the fourth quarter. Tectonic Advisors LLC now owns 3,632 shares of the industrial products company’s stock valued at $1,888,000 after buying an additional 381 shares during the period. Finally, Deltec Asset Management LLC purchased a new position in Roper Technologies in the fourth quarter valued at $520,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROP has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Robert W. Baird raised their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies Stock Up 0.3 %

ROP stock opened at $583.42 on Friday. The company has a market cap of $62.56 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 2.76 and a beta of 1.05. The firm has a 50-day moving average of $536.97 and a two-hundred day moving average of $545.01. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $584.31. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Insider Activity at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,101 shares of company stock valued at $2,947,475. 0.87% of the stock is currently owned by 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.