Bradley Foster & Sargent Inc. CT Grows Stake in Roper Technologies, Inc. (NYSE:ROP)

Bradley Foster & Sargent Inc. CT grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,497 shares of the industrial products company’s stock after purchasing an additional 100 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Roper Technologies were worth $778,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Manchester Capital Management LLC grew its position in Roper Technologies by 1.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock worth $592,000 after buying an additional 18 shares in the last quarter. Meridian Financial Partners LLC grew its holdings in shares of Roper Technologies by 1.0% during the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after purchasing an additional 20 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Roper Technologies by 0.5% during the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock worth $2,231,000 after purchasing an additional 20 shares in the last quarter. Cromwell Holdings LLC grew its holdings in shares of Roper Technologies by 6.8% during the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 21 shares in the last quarter. Finally, Hibernia Wealth Partners LLC grew its stake in Roper Technologies by 4.2% in the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after buying an additional 21 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock valued at $2,947,475 in the last quarter. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of research reports. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Truist Financial reiterated a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 target price on Roper Technologies in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies Stock Performance

NYSE:ROP opened at $574.05 on Friday. The firm has a market cap of $61.55 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The business has a 50 day moving average price of $541.23 and a 200-day moving average price of $547.67.

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.