Littlejohn Financial Services Inc. Purchases Shares of 3,408 Roper Technologies, Inc. (NYSE:ROP)

Littlejohn Financial Services Inc. acquired a new position in Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,408 shares of the industrial products company’s stock, valued at approximately $1,772,000. Roper Technologies comprises 1.6% of Littlejohn Financial Services Inc.’s investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROP. Fortitude Family Office LLC purchased a new position in Roper Technologies during the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of 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 acquiring an additional 75 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Roper Technologies during the fourth quarter worth $45,000. Ameliora Wealth Management Ltd. acquired a new position in Roper Technologies during the fourth quarter valued at $49,000. Finally, Global Wealth Strategies & Associates boosted its holdings 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 valued at $52,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 1.2 %

ROP stock opened at $573.43 on Friday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.43. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a 50-day simple moving average of $537.70 and a 200-day simple moving average of $545.76. The stock has a market capitalization of $61.49 billion, a P/E ratio of 31.85, a P/E/G ratio of 2.78 and a beta of 1.05.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm’s 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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now directly owns 20,187 shares of the company’s stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,101 shares of company stock worth $2,947,475. Insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ROP. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Barclays decreased their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Mizuho raised their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Oppenheimer raised their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $622.30.

Roper Technologies Company 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.