KCM Investment Advisors LLC Has $2.96 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

KCM Investment Advisors LLC raised its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 12.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,696 shares of the industrial products company's stock after acquiring an additional 611 shares during the period. KCM Investment Advisors LLC's holdings in Roper Technologies were worth $2,961,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Roper Technologies during the 4th quarter valued at about $914,052,000. JPMorgan Chase & Co. grew its position in shares of Roper Technologies by 54.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after purchasing an additional 360,632 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Roper Technologies by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock worth $410,977,000 after purchasing an additional 345,268 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $148,070,000. Finally, Proficio Capital Partners LLC lifted its stake in Roper Technologies by 59,278.6% in the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock valued at $145,697,000 after buying an additional 279,795 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Up 1.2 %

Shares of ROP stock traded up $6.41 during trading hours on Friday, reaching $556.01. The company had a trading volume of 178,185 shares, compared to its average volume of 552,336. The stock's fifty day simple moving average is $573.07 and its 200 day simple moving average is $553.90. The company has a market capitalization of $59.71 billion, a P/E ratio of 38.79, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

Wall Street Analyst Weigh In

ROP has been the subject of a number of analyst reports. Stifel Nicolaus began coverage on Roper Technologies in a report on Thursday, March 27th. They issued a "buy" rating and a $685.00 price target for the company. 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 research note on Tuesday, January 28th. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. Barclays lowered their target price on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Finally, Raymond James restated a "strong-buy" rating and set a $655.00 price objective (up previously 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, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $620.73.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies 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 completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 in the last three months. 0.87% of the stock is owned by insiders.

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.