Roper Technologies, Inc. (NYSE:ROP) Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 662,033 shares of the industrial products company's stock after acquiring an additional 45,947 shares during the quarter. JPMorgan Chase & Co. owned about 0.62% of Roper Technologies worth $368,382,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ledyard National Bank grew its position in Roper Technologies by 2.1% during the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock valued at $499,000 after acquiring an additional 18 shares during the period. Cromwell Holdings LLC grew its holdings in shares of Roper Technologies by 6.8% during the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company's stock worth $185,000 after purchasing an additional 21 shares during the period. Hibernia Wealth Partners LLC grew its holdings in shares of Roper Technologies by 4.2% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company's stock worth $291,000 after purchasing an additional 21 shares during the period. Ballast Advisors LLC raised its holdings in Roper Technologies by 1.3% in the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company's stock valued at $921,000 after buying an additional 21 shares during the period. Finally, Central Pacific Bank Trust Division lifted its position in Roper Technologies by 34.4% during the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company's stock valued at $48,000 after buying an additional 22 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Down 0.8 %

Shares of NYSE:ROP traded down $4.04 during midday trading on Monday, reaching $519.87. The company had a trading volume of 357,209 shares, compared to its average volume of 503,047. The stock has a market capitalization of $55.75 billion, a P/E ratio of 38.03, a PEG ratio of 2.84 and a beta of 1.02. The stock's fifty day moving average price is $548.87 and its 200-day moving average price is $550.40. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $580.09.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company's revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.32 EPS. Equities research analysts expect that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a $0.825 dividend. This is a positive change 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 presently 24.14%.

Wall Street Analysts Forecast Growth

ROP has been the topic of several recent research reports. Oppenheimer started coverage on shares of Roper Technologies in a report on Monday, December 23rd. They set an "outperform" rating and a $630.00 target price on the stock. Royal Bank of Canada lowered their target price on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Robert W. Baird boosted their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Barclays reaffirmed an "underweight" rating and issued a $569.00 price objective (down previously from $625.00) on shares of Roper Technologies in a research report on Thursday, December 5th. Finally, Mizuho boosted their target price 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. One 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's stock. Based on data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average price target of $615.20.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company's stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.87% of the company's stock.

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.