Kirtland Hills Capital Management LLC Boosts Holdings in Roper Technologies, Inc. (NYSE:ROP)

Kirtland Hills Capital Management LLC lifted its stake in Roper Technologies, Inc. (NYSE:ROP) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,333 shares of the industrial products company’s stock after purchasing an additional 130 shares during the quarter. Roper Technologies accounts for approximately 1.1% of Kirtland Hills Capital Management LLC’s holdings, making the stock its 24th biggest position. Kirtland Hills Capital Management LLC’s holdings in Roper Technologies were worth $1,733,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in Roper Technologies by 59,642.3% in the 3rd quarter. International Assets Investment Management LLC now owns 62,132 shares of the industrial products company’s stock worth $34,573,000 after acquiring an additional 62,028 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Roper Technologies by 57.8% in the third quarter. Assenagon Asset Management S.A. now owns 4,154 shares of the industrial products company’s stock worth $2,311,000 after purchasing an additional 1,522 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of Roper Technologies by 11.9% in the third quarter. Arkadios Wealth Advisors now owns 1,387 shares of the industrial products company’s stock worth $772,000 after purchasing an additional 147 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Roper Technologies by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 12,462 shares of the industrial products company’s stock worth $6,934,000 after purchasing an additional 825 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Roper Technologies by 3.7% in the third quarter. Nisa Investment Advisors LLC now owns 35,195 shares of the industrial products company’s stock worth $19,584,000 after purchasing an additional 1,250 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROP has been the topic of a number of recent analyst reports. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. Finally, TD Cowen upgraded 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 report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $623.60.

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 stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the 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 sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,101 shares of company stock valued at $2,947,475. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Performance

Shares of ROP opened at $587.34 on Wednesday. The business has a 50-day simple moving average of $542.93 and a two-hundred day simple moving average of $548.71. The stock has a market cap of $62.98 billion, a price-to-earnings ratio of 40.96, a PEG ratio of 2.77 and a beta of 1.05. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $593.91. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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.