Moloney Securities Asset Management LLC Takes $860,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Moloney Securities Asset Management LLC acquired a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,654 shares of the industrial products company’s stock, valued at approximately $860,000.

Other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new position in shares of Roper Technologies during the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. grew its position in 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 worth $40,000 after purchasing an additional 75 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. bought a new position in Roper Technologies in the 4th quarter worth approximately $49,000. Finally, Global Wealth Strategies & Associates increased its position in Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 33 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

NYSE ROP opened at $572.76 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $584.44. The company has a market cap of $61.42 billion, a PE ratio of 39.94, a PEG ratio of 2.78 and a beta of 1.05. The stock’s 50-day moving average price is $537.48 and its two-hundred day moving average price is $545.05.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Oppenheimer lifted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird upped their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Truist Financial reissued a “buy” rating and issued a $675.00 price objective (up previously 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 given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $622.30.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. 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 90 days. 0.87% of the stock is owned by company insiders.

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.