JPMorgan Chase & Co. Purchases 360,632 Shares of Roper Technologies, Inc. (NYSE:ROP)

JPMorgan Chase & Co. increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 54.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,022,665 shares of the industrial products company's stock after buying an additional 360,632 shares during the quarter. JPMorgan Chase & Co. owned 0.95% of Roper Technologies worth $531,633,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Roper Technologies by 11.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 966,551 shares of the industrial products company's stock worth $497,426,000 after acquiring an additional 97,706 shares during the period. Penobscot Investment Management Company Inc. raised its holdings in shares of Roper Technologies by 10.2% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 6,043 shares of the industrial products company's stock worth $3,141,000 after purchasing an additional 559 shares during the period. UNIVEST FINANCIAL Corp raised its stake in shares of Roper Technologies by 0.4% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 30,397 shares of the industrial products company's stock valued at $15,802,000 after buying an additional 121 shares during the period. Morey & Quinn Wealth Partners LLC bought a new stake in shares of Roper Technologies in the fourth quarter valued at $201,000. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Roper Technologies by 0.5% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,322 shares of the industrial products company's stock valued at $9,525,000 after buying an additional 95 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Roper Technologies

In related news, VP Brandon L. Cross sold 750 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the sale, 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 ownership of the stock. The transaction 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 shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now directly owns 20,187 shares of the company's stock, valued at $11,612,571.75. This 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 over the last ninety days. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Trading Down 1.9 %

Shares of ROP traded down $11.14 during mid-day trading on Thursday, hitting $579.22. 143,636 shares of the company's stock traded hands, compared to its average volume of 631,081. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm has a market capitalization of $62.20 billion, a P/E ratio of 40.39, a PEG ratio of 2.77 and a beta of 1.06. The business's 50-day moving average price is $574.51 and its 200-day moving average price is $554.54.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies's payout ratio is presently 23.01%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Truist Financial reiterated a "buy" rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Stifel Nicolaus assumed coverage on shares of Roper Technologies in a report on Thursday, March 27th. They issued a "buy" rating and a $685.00 price target on the stock. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. raised 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. Finally, Barclays cut their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $629.18.

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.