MGB Wealth Management LLC Boosts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

MGB Wealth Management LLC grew its position in Roper Technologies, Inc. (NYSE:ROP) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 530 shares of the industrial products company’s stock after acquiring an additional 30 shares during the quarter. MGB Wealth Management LLC’s holdings in Roper Technologies were worth $276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies in the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in 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 buying an additional 75 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Roper Technologies in the fourth quarter worth $45,000. Ameliora Wealth Management Ltd. bought a new position in shares of Roper Technologies in the 4th quarter worth about $49,000. Finally, Global Wealth Strategies & Associates lifted its holdings in Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 33 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROP has been the subject of a number of recent research reports. Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Mizuho boosted their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Royal Bank of Canada reduced their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Barclays decreased 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. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $622.30.

Insider Buying and Selling

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

Roper Technologies Stock Performance

Shares of ROP opened at $566.76 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm’s 50 day moving average is $537.88 and its 200-day moving average is $545.61. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $584.43. The stock has a market capitalization of $60.77 billion, a P/E ratio of 39.52, 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.