Moloney Securities Asset Management LLC Purchases New Shares in Roper Technologies, Inc. (NYSE:ROP)

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Roper Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company's stock worth $2,632,199,000 after buying an additional 132,575 shares during the period. Geode Capital Management LLC grew its holdings in Roper Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company's stock valued at $1,357,162,000 after purchasing an additional 51,131 shares during the period. Wellington Management Group LLP raised its holdings in Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock worth $410,977,000 after purchasing an additional 345,268 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Roper Technologies by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company's stock worth $368,382,000 after purchasing an additional 45,947 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Roper Technologies by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company's stock valued at $361,076,000 after buying an additional 9,653 shares during the period. 93.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP John K. Stipancich sold 1,000 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares of the company's stock, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,101 shares of company stock worth $2,947,475. Corporate insiders own 0.87% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Oppenheimer increased their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $622.30.

Roper Technologies Stock Up 1.2 %

Shares of Roper Technologies stock traded up $6.67 during trading hours on Thursday, reaching $573.43. 400,406 shares of the company's stock were exchanged, compared to its average volume of 679,197. The stock has a market cap of $61.49 billion, a P/E ratio of 39.99, a P/E/G ratio of 2.78 and a beta of 1.05. The company has a 50 day moving average of $537.70 and a two-hundred day moving average of $545.76. 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 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.