526 Shares in Roper Technologies, Inc. (NYSE:ROP) Acquired by Hickory Point Bank & Trust

Hickory Point Bank & Trust purchased a new position in shares of Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 526 shares of the industrial products company’s stock, valued at approximately $273,000.

Other hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. grew its stake in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after buying an additional 75 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Roper Technologies in the 4th quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Roper Technologies in the 4th quarter valued at approximately $49,000. Global Wealth Strategies & Associates lifted its holdings in shares of Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after buying an additional 33 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Roper Technologies by 40.7% in the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

ROP stock opened at $584.50 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a 50 day moving average price of $546.10 and a 200 day moving average price of $549.67. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $593.91. The stock has a market capitalization of $62.68 billion, a PE ratio of 40.76, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ROP. Truist Financial reiterated a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays dropped their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their price target on 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 target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report 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 company. Based on data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $623.60.

Insider Buying and Selling at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction dated Friday, January 31st. The stock was 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 of the company’s stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,101 shares of company stock worth $4,712,045. 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.