Hahn Capital Management LLC Increases Position in Roper Technologies, Inc. (NYSE:ROP)

Hahn Capital Management LLC increased its stake in Roper Technologies, Inc. (NYSE:ROP) by 47.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,546 shares of the industrial products company’s stock after acquiring an additional 3,719 shares during the period. Roper Technologies comprises approximately 2.6% of Hahn Capital Management LLC’s portfolio, making the stock its 21st largest position. Hahn Capital Management LLC’s holdings in Roper Technologies were worth $6,002,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in Roper Technologies in the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Roper Technologies by 7,500.0% in 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 stake in Roper Technologies in the fourth quarter worth $45,000. Ameliora Wealth Management Ltd. bought a new stake in Roper Technologies in the fourth quarter worth $49,000. Finally, Global Wealth Strategies & Associates lifted its stake in Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 33 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROP has been the subject of several recent research reports. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research note on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $623.60.

Roper Technologies Price Performance

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

Insider Buying and Selling

In related news, VP Brandon L. Cross sold 750 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares of the company’s stock, valued at $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock valued at $4,712,045 over the last three months. Corporate insiders own 0.87% of the company’s stock.

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.