Lecap Asset Management Ltd. Invests $980,000 in Roper Technologies, Inc. (NYSE:ROP)

Lecap Asset Management Ltd. bought a new stake in Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, HoldingsChannel reports. The fund bought 1,885 shares of the industrial products company’s stock, valued at approximately $980,000.

Several other hedge funds have also recently added to or reduced their stakes in ROP. State Street Corp lifted its position in Roper Technologies by 2.9% in the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after buying an additional 132,575 shares during the last quarter. Geode Capital Management LLC lifted its stake in Roper Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock worth $1,357,162,000 after purchasing an additional 51,131 shares during the last quarter. Wellington Management Group LLP boosted its position in Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after buying an additional 345,268 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Roper Technologies by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company’s stock valued at $368,382,000 after buying an additional 45,947 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Roper Technologies by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company’s stock worth $361,076,000 after buying an additional 9,653 shares during the period. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now 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 this hyperlink. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now owns 1,329 shares of the company’s stock, valued at $767,936.07. The trade was a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock valued at $2,947,475 over the last ninety days. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP opened at $572.76 on Friday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $584.44. The firm has a market capitalization of $61.42 billion, a PE ratio of 39.94, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The company has a 50-day simple moving average of $537.35 and a two-hundred day simple moving average of $545.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ROP shares. Oppenheimer raised their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Robert W. Baird raised their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial reiterated a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Raymond James reiterated a “strong-buy” rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $622.30.

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.