Roper Technologies, Inc. (NYSE:ROP) Position Boosted by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 746 shares of the industrial products company’s stock after buying an additional 35 shares during the quarter. Hartford Funds Management Co LLC’s holdings in Roper Technologies were worth $388,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Roper Technologies by 7,500.0% during the fourth 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 last quarter. Golden State Wealth Management LLC bought a new position in shares of Roper Technologies during the fourth quarter worth about $45,000. Ameliora Wealth Management Ltd. bought a new position in shares of Roper Technologies during the fourth quarter worth about $49,000. J.Safra Asset Management Corp lifted its position in shares of Roper Technologies by 113.0% during the fourth quarter. J.Safra Asset Management Corp now owns 98 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 52 shares during the last quarter. Finally, Global Wealth Strategies & Associates raised its stake in Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 33 shares during the period. Institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 over the last quarter. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $588.29 on Friday. The firm’s 50 day moving average is $550.99 and its two-hundred day moving average is $550.92. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The firm has a market capitalization of $63.17 billion, a P/E ratio of 41.02, a PEG ratio of 2.77 and a beta of 1.05. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Analysts Set New Price Targets

Several research firms recently weighed in on ROP. Truist Financial reiterated a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, 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 note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.