Roper Technologies, Inc. (NYSE:ROP) Stake Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 662,033 shares of the industrial products company’s stock after acquiring an additional 45,947 shares during the period. JPMorgan Chase & Co. owned about 0.62% of Roper Technologies worth $368,382,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new position in Roper Technologies during the second quarter valued at approximately $28,000. Fortitude Family Office LLC bought a new stake in Roper Technologies during the 3rd quarter valued at approximately $28,000. Valley Wealth Managers Inc. acquired a new stake in Roper Technologies during the second quarter worth about $31,000. Global Wealth Strategies & Associates acquired a new position in Roper Technologies in the 3rd quarter valued at approximately $37,000. Finally, Kimelman & Baird LLC bought a new position in Roper Technologies in the second quarter worth $42,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

ROP stock opened at $523.91 on Monday. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $580.09. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The firm has a market cap of $56.18 billion, a PE ratio of 38.33, a P/E/G ratio of 2.84 and a beta of 1.02. The business’s 50-day moving average price is $549.61 and its two-hundred day moving average price is $550.59.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. Roper Technologies’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.32 EPS. As a group, research analysts forecast that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a $0.825 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.63%. Roper Technologies’s dividend payout ratio (DPR) is currently 24.14%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ROP. Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer started coverage on Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. Finally, Barclays reaffirmed an “underweight” rating and issued a $569.00 target price (down previously from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $615.20.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.87% of the company’s stock.

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.