Schechter Investment Advisors LLC Purchases 109 Shares of Roper Technologies, Inc. (NYSE:ROP)

Schechter Investment Advisors LLC lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 16.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 783 shares of the industrial products company’s stock after buying an additional 109 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Roper Technologies were worth $407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Meridian Wealth Management LLC raised its stake in shares of 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 acquiring an additional 138 shares during the last quarter. Fidelis Capital Partners LLC increased its holdings in Roper Technologies by 4.5% in the fourth quarter. Fidelis Capital Partners LLC now owns 945 shares of the industrial products company’s stock valued at $545,000 after purchasing an additional 41 shares during the period. LGT Fund Management Co Ltd. raised its position in Roper Technologies by 27.3% during the 4th quarter. LGT Fund Management Co Ltd. now owns 10,014 shares of the industrial products company’s stock worth $5,206,000 after purchasing an additional 2,146 shares during the last quarter. LGT Group Foundation lifted its holdings in Roper Technologies by 27.4% during the 4th quarter. LGT Group Foundation now owns 38,592 shares of the industrial products company’s stock worth $20,062,000 after buying an additional 8,296 shares during the period. Finally, Plato Investment Management Ltd grew its position in shares of Roper Technologies by 41.4% in the 4th quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company’s stock valued at $2,106,000 after buying an additional 1,182 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 20,187 shares of the company’s stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by company insiders.

Roper Technologies Trading Up 1.5 %

Shares of Roper Technologies stock opened at $593.81 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a 50 day moving average price of $549.76 and a two-hundred day moving average price of $550.66. The stock has a market capitalization of $63.77 billion, a PE ratio of 41.41, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05.

Analysts Set New Price Targets

ROP has been the subject of a number of analyst reports. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Barclays dropped their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Truist Financial restated a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price objective on Roper Technologies in a research report 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $623.60.

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.