KCM Investment Advisors LLC Buys 1,098 Shares of Roper Technologies, Inc. (NYSE:ROP)

KCM Investment Advisors LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 27.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,085 shares of the industrial products company's stock after acquiring an additional 1,098 shares during the quarter. KCM Investment Advisors LLC's holdings in Roper Technologies were worth $2,829,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ROP. New Covenant Trust Company N.A. purchased a new position in Roper Technologies in the 1st quarter worth approximately $25,000. Fairscale Capital LLC bought a new stake in Roper Technologies in the 2nd quarter worth about $28,000. Fortitude Family Office LLC bought a new position in Roper Technologies during the 3rd quarter valued at about $28,000. Versant Capital Management Inc grew its stake in shares of Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company's stock worth $30,000 after acquiring an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. purchased a new stake in Roper Technologies in the second quarter worth approximately $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred on 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 directly owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Baird R W raised Roper Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 25th. Truist Financial reissued a "buy" rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Jefferies Financial Group increased their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Oppenheimer reduced their target price on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. Finally, Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $620.80.

Roper Technologies Price Performance

NYSE:ROP traded down $16.54 on Friday, reaching $548.23. 581,284 shares of the company's stock traded hands, compared to its average volume of 496,269. The firm has a market cap of $58.79 billion, a PE ratio of 40.10, a P/E/G ratio of 2.98 and a beta of 1.03. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The stock has a 50-day simple moving average of $552.39 and a 200-day simple moving average of $547.70. Roper Technologies, Inc. has a 12 month low of $508.22 and a 12 month high of $579.10.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the previous year, the firm earned $4.32 EPS. The firm's revenue was up 11.7% compared to the same quarter last year. Equities research analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The business 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. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.60%. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's payout ratio is presently 24.14%.

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.