Littlejohn Financial Services Inc. Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

Littlejohn Financial Services Inc. purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,408 shares of the industrial products company’s stock, valued at approximately $1,772,000. Roper Technologies comprises about 1.6% of Littlejohn Financial Services Inc.’s portfolio, making the stock its 27th biggest position.

Other hedge funds have also recently modified their holdings of the company. Ritholtz Wealth Management increased its holdings in shares of Roper Technologies by 3.6% during the 3rd quarter. Ritholtz Wealth Management now owns 779 shares of the industrial products company’s stock worth $434,000 after buying an additional 27 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Roper Technologies in the third quarter worth approximately $1,021,000. CX Institutional increased its stake in Roper Technologies by 7.2% during the third quarter. CX Institutional now owns 2,262 shares of the industrial products company’s stock worth $1,259,000 after acquiring an additional 152 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Roper Technologies by 22.6% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 3,352 shares of the industrial products company’s stock valued at $1,865,000 after purchasing an additional 617 shares during the period. Finally, Carderock Capital Management Inc. lifted its stake in shares of Roper Technologies by 4.0% in the 3rd quarter. Carderock Capital Management Inc. now owns 14,233 shares of the industrial products company’s stock valued at $7,920,000 after purchasing an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ROP. Royal Bank of Canada cut their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Raymond James reiterated a “strong-buy” rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird lifted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Oppenheimer upped their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating 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 assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies Stock Performance

NYSE:ROP opened at $573.43 on Friday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.43. The company has a fifty day simple moving average of $537.70 and a two-hundred day simple moving average of $545.76. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a market cap of $61.49 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred 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 $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the 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 completion of the sale, the director now directly 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 disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock valued at $2,947,475 in the last three months. 0.87% of the stock is owned by corporate insiders.

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.