Roper Technologies, Inc. (NYSE:ROP) is Bryn Mawr Capital Management LLC’s 10th Largest Position

Bryn Mawr Capital Management LLC boosted its stake in Roper Technologies, Inc. (NYSE:ROP) by 3,699.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 103,034 shares of the industrial products company’s stock after purchasing an additional 100,322 shares during the quarter. Roper Technologies comprises 2.0% of Bryn Mawr Capital Management LLC’s portfolio, making the stock its 10th largest position. Bryn Mawr Capital Management LLC’s holdings in Roper Technologies were worth $53,562,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Roper Technologies by 7,500.0% during 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 in the last quarter. Golden State Wealth Management LLC acquired a new position in Roper Technologies during the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies during the fourth quarter valued at approximately $49,000. Finally, Global Wealth Strategies & Associates lifted its position in Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after buying an additional 33 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of recent research reports. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Royal Bank of Canada cut their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Robert W. Baird boosted their target price 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. Finally, Barclays lowered 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 note on Wednesday, January 8th. One investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $622.30.

Insider Transactions at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the company’s 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 transaction, the chief financial officer now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now directly owns 1,329 shares of the company’s stock, valued at $767,936.07. The trade was a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,101 shares of company stock worth $2,947,475. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 0.2 %

Roper Technologies stock opened at $572.53 on Wednesday. The company has a 50-day simple moving average of $539.42 and a 200-day simple moving average of $546.62. The firm has a market capitalization of $61.39 billion, a P/E ratio of 31.31, a P/E/G ratio of 2.74 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $584.43.

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.