Elevate Capital Advisors LLC Takes $1.50 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Elevate Capital Advisors LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,892 shares of the industrial products company’s stock, valued at approximately $1,504,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brookstone Capital Management boosted its stake in shares of Roper Technologies by 2.0% during the 3rd quarter. Brookstone Capital Management now owns 1,133 shares of the industrial products company’s stock worth $631,000 after acquiring an additional 22 shares during the period. CWM LLC raised its position in shares of Roper Technologies by 18.6% in the third quarter. CWM LLC now owns 3,584 shares of the industrial products company’s stock valued at $1,994,000 after purchasing an additional 563 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Roper Technologies by 551.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 945 shares of the industrial products company’s stock worth $526,000 after buying an additional 800 shares during the period. Valeo Financial Advisors LLC bought a new position in Roper Technologies in the 3rd quarter valued at about $211,000. Finally, Ritholtz Wealth Management raised its holdings in Roper Technologies by 3.6% in the 3rd quarter. Ritholtz Wealth Management now owns 779 shares of the industrial products company’s stock valued at $434,000 after acquiring an additional 27 shares during the period. Institutional investors own 93.31% of the company’s stock.

Insider Activity

In related news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the vice president now directly owns 38,932 shares of the company’s stock, 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 quarter, insiders have sold 5,101 shares of company stock worth $2,947,475. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lowered their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird upped their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Mizuho raised their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $622.30.

Roper Technologies Stock Down 1.8 %

Shares of ROP opened at $572.76 on Monday. The firm has a 50 day simple moving average of $537.48 and a two-hundred day simple moving average of $545.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $584.44. The company has a market cap of $61.42 billion, a P/E ratio of 31.85, a P/E/G ratio of 2.78 and a beta of 1.05.

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.