Boston Financial Mangement LLC Has $22.08 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Boston Financial Mangement LLC grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,465 shares of the industrial products company’s stock after buying an additional 238 shares during the quarter. Boston Financial Mangement LLC’s holdings in Roper Technologies were worth $22,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Ledyard National Bank increased its position in Roper Technologies by 2.1% in the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after acquiring an additional 18 shares in the last quarter. Manchester Capital Management LLC grew its stake in shares of Roper Technologies by 1.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 18 shares during the last quarter. Meridian Financial Partners LLC increased its holdings in shares of Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock valued at $1,067,000 after purchasing an additional 20 shares in the last quarter. Principal Securities Inc. raised its position in Roper Technologies by 0.5% in the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock worth $2,231,000 after purchasing an additional 20 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its holdings in Roper Technologies by 6.8% during the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after buying an additional 21 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Up 0.8 %

Shares of NYSE ROP opened at $577.04 on Thursday. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a market cap of $61.88 billion, a P/E ratio of 31.25, a P/E/G ratio of 2.73 and a beta of 1.05. The firm has a 50 day moving average price of $539.96 and a 200 day moving average price of $546.84.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ROP shares. Raymond James reissued a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Robert W. Baird upped their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays lowered their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Finally, Oppenheimer boosted 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. One equities 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $622.30.

Insider Activity

In other news, 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 transaction of $433,372.50. Following the transaction, the vice president now owns 1,329 shares in the company, valued at $767,936.07. The trade was a 36.08 % decrease in their position. The transaction 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 the business’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 owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock valued at $2,947,475 in the last quarter. Company insiders own 0.87% of the company’s stock.

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.