JPMorgan Chase & Co. Has $368.38 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

JPMorgan Chase & Co. lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.5% during the third quarter, Holdings Channel.com reports. The firm owned 662,033 shares of the industrial products company’s stock after buying an additional 45,947 shares during the quarter. JPMorgan Chase & Co.’s holdings in Roper Technologies were worth $368,382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its position in Roper Technologies by 2.9% during the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after buying an additional 132,575 shares in the last quarter. Geode Capital Management LLC grew its stake in Roper Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock worth $1,357,162,000 after buying an additional 51,131 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Roper Technologies by 3.1% in the 2nd quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock valued at $630,749,000 after buying an additional 33,544 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Roper Technologies by 7.6% during the 2nd quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock worth $515,467,000 after acquiring an additional 64,565 shares during the period. Finally, Wellington Management Group LLP increased its stake in Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after acquiring an additional 345,268 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Down 0.6 %

ROP opened at $523.91 on Monday. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $580.09. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The company’s 50-day moving average is $549.61 and its 200 day moving average is $550.59.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion for 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%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $4.32 EPS. As a group, research analysts predict that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

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

Insider Buying and Selling 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 value of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ROP shares. Truist Financial reissued a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Barclays reiterated an “underweight” rating and issued a $569.00 price target (down from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. Mizuho upped their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Oppenheimer began coverage on Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $615.20.

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.