Thompson Investment Management Inc. Has $151,000 Holdings in Roper Technologies, Inc. (NYSE:ROP)

Thompson Investment Management Inc. lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 625.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 290 shares of the industrial products company’s stock after purchasing an additional 250 shares during the quarter. Thompson Investment Management Inc.’s holdings in Roper Technologies were worth $151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new position in shares of Roper Technologies during the 3rd quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. raised its position in Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Roper Technologies during the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $49,000. Finally, Global Wealth Strategies & Associates raised its holdings in shares of Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after buying an additional 33 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Down 1.8 %

Shares of Roper Technologies stock opened at $572.76 on Monday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $584.44. The business has a fifty day simple moving average of $537.48 and a 200 day simple moving average of $545.05. 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 stock has a market cap of $61.42 billion, a PE ratio of 39.94, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction 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 in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ROP has been the topic of several recent analyst reports. Barclays reduced their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird raised their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Truist Financial reissued a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Royal Bank of Canada reduced their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $622.30.

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.