Moloney Securities Asset Management LLC Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

Moloney Securities Asset Management LLC purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,654 shares of the industrial products company’s stock, valued at approximately $860,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new stake in Roper Technologies in the third quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Roper Technologies in the fourth quarter worth $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies during the fourth quarter worth $49,000. Finally, Global Wealth Strategies & Associates raised its holdings 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. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Down 1.8 %

Shares of ROP opened at $572.76 on Monday. 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 company has a 50-day simple moving average of $537.48 and a 200-day simple moving average of $545.05. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.44. The firm has a market capitalization of $61.42 billion, a P/E ratio of 39.94, a P/E/G ratio of 2.78 and a beta of 1.05.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ROP shares. Royal Bank of Canada decreased their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Barclays reduced their price objective 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. Truist Financial reiterated a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $622.30.

Insider Activity at Roper Technologies

In other news, 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock worth $2,947,475 over the last three months. Company insiders own 0.87% of the company’s stock.

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.