WealthPlan Investment Management LLC Buys 3,157 Shares of Roper Technologies, Inc. (NYSE:ROP)

WealthPlan Investment Management LLC grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROPFree Report) by 478.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,817 shares of the industrial products company’s stock after acquiring an additional 3,157 shares during the period. WealthPlan Investment Management LLC’s holdings in Roper Technologies were worth $1,848,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Compass Wealth Management LLC purchased a new position in shares of Roper Technologies during the fourth quarter valued at approximately $30,000. Fortis Capital Advisors LLC purchased a new position in shares of Roper Technologies during the fourth quarter valued at approximately $30,000. FSC Wealth Advisors LLC purchased a new position in shares of Roper Technologies during the third quarter valued at approximately $38,000. Harbour Investments Inc. lifted its holdings in shares of Roper Technologies by 38.3% during the first quarter. Harbour Investments Inc. now owns 83 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 23 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Roper Technologies during the third quarter valued at approximately $41,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROP has been the subject of several analyst reports. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target for the company. in a research report on Thursday, January 4th. Truist Financial reissued a “buy” rating and set a $575.00 price target on shares of Roper Technologies in a research report on Friday, October 20th. Barclays raised their price target on shares of Roper Technologies from $580.00 to $596.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. Royal Bank of Canada raised their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Mizuho raised their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $551.50.

Get Our Latest Analysis on ROP

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 250 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $525.93, for a total value of $131,482.50. Following the sale, the director now owns 36,227 shares in the company, valued at approximately $19,052,866.11. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Roper Technologies Stock Up 0.9 %

ROP opened at $550.26 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. Roper Technologies, Inc. has a fifty-two week low of $416.77 and a fifty-two week high of $562.69. The firm’s fifty day moving average is $541.39 and its 200 day moving average is $513.61. The stock has a market cap of $58.78 billion, a price-to-earnings ratio of 42.69, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02.

Roper Technologies (NYSE:ROPGet Free Report) last released its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. Roper Technologies’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.92 EPS. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 18.11 earnings per share for the current fiscal year.

Roper Technologies Profile

(Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.

Featured Stories

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROPFree Report).

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.