Forte Capital LLC ADV Raises Stake in Roper Technologies, Inc. (NYSE:ROP)

Forte Capital LLC ADV increased its stake in Roper Technologies, Inc. (NYSE:ROP) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 609 shares of the industrial products company’s stock after buying an additional 27 shares during the quarter. Forte Capital LLC ADV’s holdings in Roper Technologies were worth $317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. ING Groep NV boosted its holdings in shares of Roper Technologies by 74.6% in the 4th quarter. ING Groep NV now owns 80,015 shares of the industrial products company’s stock worth $41,596,000 after buying an additional 34,194 shares during the last quarter. Flossbach Von Storch SE boosted its holdings in shares of Roper Technologies by 6.1% in the 4th quarter. Flossbach Von Storch SE now owns 270,705 shares of the industrial products company’s stock worth $140,726,000 after buying an additional 15,601 shares during the last quarter. Dash Acquisitions Inc. boosted its holdings in shares of Roper Technologies by 2.2% in the 4th quarter. Dash Acquisitions Inc. now owns 9,994 shares of the industrial products company’s stock worth $5,493,000 after buying an additional 218 shares during the last quarter. Boston Financial Mangement LLC boosted its holdings in shares of Roper Technologies by 0.6% in the 4th quarter. Boston Financial Mangement LLC now owns 42,465 shares of the industrial products company’s stock worth $22,075,000 after buying an additional 238 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of Roper Technologies by 4.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 3,987 shares of the industrial products company’s stock worth $2,073,000 after buying an additional 168 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred 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. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred 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 transaction, the director now owns 20,187 shares in the company, 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 three months, insiders have sold 5,101 shares of company stock worth $2,947,475. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 1.3 %

ROP stock opened at $574.05 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $541.23 and its 200 day moving average is $547.47. The stock has a market cap of $61.56 billion, a price-to-earnings ratio of 40.03, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.43.

Analyst Upgrades and Downgrades

Several research firms have commented on ROP. Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Truist Financial reiterated a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Barclays decreased their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.