Roper Technologies, Inc. (NYSE:ROP) Stock Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 673,193 shares of the industrial products company’s stock after buying an additional 24,290 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Roper Technologies were worth $349,959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ROP. Steward Partners Investment Advisory LLC boosted its stake in Roper Technologies by 1.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,905 shares of the industrial products company’s stock valued at $1,510,000 after purchasing an additional 37 shares in the last quarter. NBW Capital LLC lifted its holdings in shares of Roper Technologies by 0.5% in the fourth quarter. NBW Capital LLC now owns 16,148 shares of the industrial products company’s stock valued at $8,395,000 after buying an additional 79 shares during the period. Schechter Investment Advisors LLC lifted its holdings in shares of Roper Technologies by 16.2% in the fourth quarter. Schechter Investment Advisors LLC now owns 783 shares of the industrial products company’s stock valued at $407,000 after buying an additional 109 shares during the period. Meridian Wealth Management LLC boosted its stake in Roper Technologies by 1.9% during the fourth quarter. Meridian Wealth Management LLC now owns 7,375 shares of the industrial products company’s stock valued at $3,834,000 after buying an additional 138 shares in the last quarter. Finally, Fidelis Capital Partners LLC grew its holdings in Roper Technologies by 4.5% during the fourth quarter. Fidelis Capital Partners LLC now owns 945 shares of the industrial products company’s stock worth $545,000 after acquiring an additional 41 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Up 1.5 %

Shares of NYSE ROP opened at $593.81 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The business has a 50-day moving average price of $549.76 and a two-hundred day moving average price of $550.66. The firm has a market capitalization of $63.77 billion, a PE ratio of 41.41, a PEG ratio of 2.77 and a beta of 1.05.

Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction 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 sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 over the last three months. 0.87% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Oppenheimer raised their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Truist Financial reiterated a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. Finally, Barclays dropped their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average 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.