Plato Investment Management Ltd Purchases 1,182 Shares of Roper Technologies, Inc. (NYSE:ROP)

Plato Investment Management Ltd increased its position in Roper Technologies, Inc. (NYSE:ROP) by 41.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,036 shares of the industrial products company’s stock after acquiring an additional 1,182 shares during the quarter. Plato Investment Management Ltd’s holdings in Roper Technologies were worth $2,106,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 75 shares during the period. Golden State Wealth Management LLC bought a new stake in Roper Technologies during the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. bought a new stake in Roper Technologies during the fourth quarter valued at approximately $49,000. Global Wealth Strategies & Associates lifted its position in Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 33 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Roper Technologies during the fourth quarter valued at approximately $55,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Up 0.2 %

Shares of NYSE ROP opened at $585.81 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $593.91. The firm’s fifty day moving average is $547.32 and its 200 day moving average is $550.10. The company has a market cap of $62.91 billion, a price-to-earnings ratio of 40.85, a PEG ratio of 2.77 and a beta of 1.05.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Oppenheimer lifted their target price 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. Barclays dropped their target price 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. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Truist Financial reiterated a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $623.60.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 over the last three months. 0.87% of the stock is owned by company insiders.

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.