Schwartz Investment Counsel Inc. Acquires 25,000 Shares of Roper Technologies, Inc. (NYSE:ROP)

Schwartz Investment Counsel Inc. raised its holdings in Roper Technologies, Inc. (NYSE:ROP) by 22.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 137,700 shares of the industrial products company’s stock after acquiring an additional 25,000 shares during the quarter. Roper Technologies makes up about 2.6% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 9th largest holding. Schwartz Investment Counsel Inc. owned about 0.13% of Roper Technologies worth $71,583,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ROP. Portfolio Design Labs LLC lifted its stake in shares of Roper Technologies by 20.1% in the fourth quarter. Portfolio Design Labs LLC now owns 6,063 shares of the industrial products company’s stock worth $3,152,000 after acquiring an additional 1,016 shares during the period. Arlington Partners LLC boosted its stake in shares of Roper Technologies by 13.9% in the 4th quarter. Arlington Partners LLC now owns 7,962 shares of the industrial products company’s stock valued at $4,139,000 after purchasing an additional 970 shares during the last quarter. Elevate Capital Advisors LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth $1,504,000. Legacy Financial Strategies LLC lifted its holdings in Roper Technologies by 1.1% in the fourth quarter. Legacy Financial Strategies LLC now owns 5,971 shares of the industrial products company’s stock valued at $3,068,000 after buying an additional 64 shares during the period. Finally, Compass Financial Services Inc bought a new stake in Roper Technologies during the fourth quarter valued at $154,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

ROP stock opened at $581.35 on Wednesday. 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 simple moving average of $537.59 and a two-hundred day simple moving average of $545.38. The company has a market capitalization of $62.34 billion, a P/E ratio of 31.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.43.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction 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 sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock valued at $2,947,475 over the last 90 days. Insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ROP shares. Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays lowered their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Oppenheimer increased their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.