Appleton Partners Inc. MA Acquires 482 Shares of Roper Technologies, Inc. (NYSE:ROP)

Appleton Partners Inc. MA increased its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,677 shares of the industrial products company’s stock after buying an additional 482 shares during the period. Appleton Partners Inc. MA’s holdings in Roper Technologies were worth $11,789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. Mather Group LLC. increased its holdings in shares of Roper Technologies by 15.7% during the third quarter. Mather Group LLC. now owns 662 shares of the industrial products company’s stock valued at $368,000 after acquiring an additional 90 shares in the last quarter. Brookstone Capital Management increased its stake in Roper Technologies by 2.0% during the 3rd quarter. Brookstone Capital Management now owns 1,133 shares of the industrial products company’s stock valued at $631,000 after purchasing an additional 22 shares in the last quarter. CWM LLC raised its holdings in Roper Technologies by 18.6% in the third quarter. CWM LLC now owns 3,584 shares of the industrial products company’s stock worth $1,994,000 after buying an additional 563 shares during the last quarter. Quotient Wealth Partners LLC lifted its stake in shares of Roper Technologies by 18.1% in the third quarter. Quotient Wealth Partners LLC now owns 758 shares of the industrial products company’s stock worth $422,000 after buying an additional 116 shares in the last quarter. Finally, Albion Financial Group UT grew its holdings in shares of Roper Technologies by 3,500.0% during the third quarter. Albion Financial Group UT now owns 252 shares of the industrial products company’s stock valued at $140,000 after buying an additional 245 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock worth $2,947,475 in the last three months. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

ROP has been the topic of several analyst reports. Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays decreased their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Mizuho raised their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Raymond James reissued 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. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies Stock Down 1.8 %

ROP opened at $572.76 on Friday. The firm’s 50 day simple moving average is $537.35 and its two-hundred day simple moving average is $545.28. The company has a market capitalization of $61.42 billion, a PE ratio of 31.85, a PEG ratio of 2.78 and a beta of 1.05. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $584.44. 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 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.