Maripau Wealth Management LLC Takes $357,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Maripau Wealth Management LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 687 shares of the industrial products company’s stock, valued at approximately $357,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. SVB Wealth LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at about $551,000. Davis Rea LTD. lifted its stake in shares of Roper Technologies by 224.8% in the 4th quarter. Davis Rea LTD. now owns 16,404 shares of the industrial products company’s stock valued at $8,528,000 after acquiring an additional 11,354 shares during the last quarter. Motco lifted its stake in shares of Roper Technologies by 0.6% in the 4th quarter. Motco now owns 18,802 shares of the industrial products company’s stock valued at $9,774,000 after acquiring an additional 118 shares during the last quarter. Hahn Capital Management LLC lifted its stake in shares of Roper Technologies by 47.5% in the 4th 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 during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of Roper Technologies by 140.3% in 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 acquiring an additional 2,692 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ROP shares. Barclays dropped their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. 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. TD Cowen upgraded 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 report on Tuesday, January 28th. Finally, Oppenheimer increased their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. One research 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value 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 approximately $767,936.07. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value 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. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Up 2.1 %

Shares of NYSE:ROP opened at $584.50 on Friday. The stock has a fifty day simple moving average of $546.10 and a two-hundred day simple moving average of $549.50. The stock has a market capitalization of $62.68 billion, a price-to-earnings ratio of 40.76, a PEG ratio of 2.77 and a beta of 1.05. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $593.91. 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 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.