Motco Increases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Motco raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,802 shares of the industrial products company’s stock after buying an additional 118 shares during the period. Motco’s holdings in Roper Technologies were worth $9,774,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ROP. Hahn Capital Management LLC boosted its holdings in Roper Technologies by 47.5% in the fourth quarter. Hahn Capital Management LLC now owns 11,546 shares of the industrial products company’s stock valued at $6,002,000 after acquiring an additional 3,719 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Roper Technologies by 140.3% during the 4th quarter. QRG Capital Management Inc. now owns 4,611 shares of the industrial products company’s stock valued at $2,397,000 after purchasing an additional 2,692 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Roper Technologies by 59,278.6% during the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock valued at $145,697,000 after buying an additional 279,795 shares during the period. Oppenheimer & Co. Inc. raised its stake in Roper Technologies by 19.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,298 shares of the industrial products company’s stock worth $3,274,000 after buying an additional 1,021 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in Roper Technologies by 1.9% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 41,945 shares of the industrial products company’s stock worth $21,805,000 after buying an additional 800 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Richard F. Wallman sold 351 shares of the firm’s 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 transaction, the director now owns 20,187 shares of the company’s stock, valued at $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, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction dated 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 directly owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ROP shares. Raymond James reiterated a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer increased their price target 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. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. Barclays decreased their target price 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. Finally, JPMorgan Chase & Co. upped their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating 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 given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $623.60.

Roper Technologies Price Performance

NYSE:ROP opened at $572.50 on Friday. The firm has a market capitalization of $61.39 billion, a price-to-earnings ratio of 39.92, a PEG ratio of 2.77 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The business has a 50 day simple moving average of $544.92 and a 200-day simple moving average of $549.05. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $593.91.

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.