491 Shares in Roper Technologies, Inc. (NYSE:ROP) Purchased by One Plus One Wealth Management LLC

One Plus One Wealth Management 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 SEC. The institutional investor bought 491 shares of the industrial products company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in Roper Technologies by 2.9% in the 3rd 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 during the last quarter. Geode Capital Management LLC increased its stake in Roper Technologies by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock valued at $1,357,162,000 after buying an additional 51,131 shares during the last quarter. Wellington Management Group LLP increased its stake in Roper Technologies by 87.8% in the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after buying an additional 345,268 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Roper Technologies by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company’s stock valued at $368,382,000 after buying an additional 45,947 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Roper Technologies by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company’s stock valued at $361,076,000 after buying an additional 9,653 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Down 2.5 %

ROP opened at $566.76 on Thursday. The company has a 50 day moving average of $537.88 and a 200 day moving average of $545.61. The company has a market cap of $60.77 billion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $584.43. 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 Buying and Selling

In related news, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 5,101 shares of company stock valued at $2,947,475. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ROP. Truist Financial reiterated a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird raised their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Mizuho raised their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer raised their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price target 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 given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $622.30.

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.