Kirtland Hills Capital Management LLC Boosts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Kirtland Hills Capital Management LLC lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 4.1% in the fourth quarter, HoldingsChannel reports. The firm owned 3,333 shares of the industrial products company’s stock after purchasing an additional 130 shares during the quarter. Roper Technologies accounts for 1.1% of Kirtland Hills Capital Management LLC’s portfolio, making the stock its 24th largest position. Kirtland Hills Capital Management LLC’s holdings in Roper Technologies were worth $1,733,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new position in Roper Technologies during the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Roper Technologies by 7,500.0% during 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 period. Golden State Wealth Management LLC purchased a new position in shares of Roper Technologies during the 4th quarter worth about $45,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Roper Technologies during the 4th quarter worth about $49,000. Finally, Global Wealth Strategies & Associates boosted its position in shares of 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 during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 1.9 %

Roper Technologies stock opened at $587.34 on Wednesday. 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 firm has a market cap of $62.98 billion, a P/E ratio of 40.96, a P/E/G ratio of 2.77 and a beta of 1.05. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $593.91. The business has a fifty day moving average of $542.93 and a two-hundred day moving average of $548.71.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $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 SEC, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock worth $2,947,475 in the last three months. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Raymond James restated a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Truist Financial reissued a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays lowered 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 report on Wednesday, January 8th. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Oppenheimer boosted their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

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.