Birch Hill Investment Advisors LLC Buys 975 Shares of Roper Technologies, Inc. (NYSE:ROP)

Birch Hill Investment Advisors LLC boosted its stake in Roper Technologies, Inc. (NYSE:ROP) by 27.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,466 shares of the industrial products company’s stock after purchasing an additional 975 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Roper Technologies were worth $2,322,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Thompson Investment Management Inc. lifted its stake in shares of Roper Technologies by 625.0% in the 4th quarter. Thompson Investment Management Inc. now owns 290 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 250 shares during the last quarter. Entropy Technologies LP bought a new position in Roper Technologies in the fourth quarter valued at about $6,526,000. Empowered Funds LLC boosted its stake in shares of Roper Technologies by 32.0% during the fourth quarter. Empowered Funds LLC now owns 2,782 shares of the industrial products company’s stock valued at $1,446,000 after purchasing an additional 674 shares in the last quarter. Moloney Securities Asset Management LLC bought a new stake in shares of Roper Technologies during the fourth quarter worth about $860,000. Finally, Farmers & Merchants Investments Inc. increased its stake in shares of Roper Technologies by 0.3% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 41,386 shares of the industrial products company’s stock valued at $21,515,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,101 shares of company stock worth $2,947,475. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 1.8 %

NYSE ROP opened at $572.76 on Friday. The stock has a market capitalization 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. The business has a 50 day simple moving average of $537.48 and a 200 day simple moving average of $545.25. 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.

Analysts Set New Price Targets

ROP has been the topic of several recent research reports. Barclays cut their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird boosted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 target price (up from $620.00) 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 target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Mizuho raised their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies 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.