3,408 Shares in Roper Technologies, Inc. (NYSE:ROP) Acquired by Littlejohn Financial Services Inc.

Littlejohn Financial Services Inc. acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,408 shares of the industrial products company's stock, valued at approximately $1,772,000. Roper Technologies accounts for 1.6% of Littlejohn Financial Services Inc.'s portfolio, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ledyard National Bank raised its holdings in shares of Roper Technologies by 2.1% during the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock worth $499,000 after acquiring an additional 18 shares during the period. Meridian Financial Partners LLC raised its holdings in shares of Roper Technologies by 1.0% during the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock worth $1,067,000 after acquiring an additional 20 shares during the period. Cromwell Holdings LLC grew its position in Roper Technologies by 6.8% in the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 21 shares in the last quarter. Hibernia Wealth Partners LLC grew its position in Roper Technologies by 4.2% in the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company's stock valued at $291,000 after purchasing an additional 21 shares in the last quarter. Finally, Ballast Advisors LLC grew its position in Roper Technologies by 1.3% in the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company's stock valued at $921,000 after purchasing an additional 21 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ROP shares. Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 target price (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. 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 report on Friday, January 31st. Barclays decreased 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 lifted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $622.30.

Insider Activity

In other news, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction that occurred 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,101 shares of company stock worth $2,947,475. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

Shares of NYSE:ROP traded down $1.05 during midday trading on Tuesday, hitting $572.53. The stock had a trading volume of 550,796 shares, compared to its average volume of 664,535. The company's 50-day moving average price is $538.96 and its 200-day moving average price is $546.37. The company has a market capitalization of $61.39 billion, a P/E ratio of 39.93, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.43.

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.