Greenwich Wealth Management LLC Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Greenwich Wealth Management LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 539 shares of the industrial products company’s stock after purchasing an additional 38 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Roper Technologies were worth $304,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC boosted its holdings in shares of Roper Technologies by 236.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock valued at $4,493,000 after acquiring an additional 5,789 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Roper Technologies by 497.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after purchasing an additional 7,768 shares during the period. Stifel Financial Corp increased its position in Roper Technologies by 5.9% during the 4th quarter. Stifel Financial Corp now owns 50,284 shares of the industrial products company’s stock worth $27,416,000 after purchasing an additional 2,811 shares during the period. Rafferty Asset Management LLC raised its stake in shares of Roper Technologies by 90.7% during the 4th quarter. Rafferty Asset Management LLC now owns 53,363 shares of the industrial products company’s stock worth $29,092,000 after buying an additional 25,384 shares in the last quarter. Finally, ORG Partners LLC boosted its stake in shares of Roper Technologies by 764.2% in the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after buying an additional 1,024 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $551.84 on Monday. The business’s fifty day moving average price is $547.86 and its 200 day moving average price is $544.97. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $59.07 billion, a P/E ratio of 40.05, a PEG ratio of 2.89 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. As a group, research analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on ROP. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Royal Bank of Canada upped their target price on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Truist Financial reaffirmed a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a research note on Tuesday, August 27th. Finally, Barclays raised their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $616.00.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the transaction, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

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.