KCM Investment Advisors LLC Acquires 611 Shares of Roper Technologies, Inc. (NYSE:ROP)

KCM Investment Advisors LLC increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,696 shares of the industrial products company’s stock after purchasing an additional 611 shares during the quarter. KCM Investment Advisors LLC’s holdings in Roper Technologies were worth $2,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ROP. Benjamin Edwards Inc. raised its holdings in shares of Roper Technologies by 1,792.8% during the third quarter. Benjamin Edwards Inc. now owns 1,571 shares of the industrial products company’s stock valued at $874,000 after purchasing an additional 1,488 shares during the last quarter. HighTower Advisors LLC grew its position in Roper Technologies by 110.7% in the 3rd quarter. HighTower Advisors LLC now owns 28,702 shares of the industrial products company’s stock worth $16,023,000 after purchasing an additional 15,080 shares during the period. IHT Wealth Management LLC raised its stake in Roper Technologies by 34.6% during the 3rd quarter. IHT Wealth Management LLC now owns 533 shares of the industrial products company’s stock valued at $295,000 after buying an additional 137 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Roper Technologies by 13.6% during the 3rd quarter. Quantinno Capital Management LP now owns 10,175 shares of the industrial products company’s stock valued at $5,662,000 after buying an additional 1,221 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of Roper Technologies by 0.9% in the 3rd quarter. Stifel Financial Corp now owns 51,921 shares of the industrial products company’s stock worth $28,894,000 after buying an additional 486 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

NYSE ROP opened at $541.80 on Friday. 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 twelve month low of $499.47 and a twelve month high of $595.17. The business has a 50-day moving average price of $575.65 and a 200-day moving average price of $554.63. The firm has a market cap of $58.18 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent research reports. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $535.00 to $615.00 in a report 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. Stifel Nicolaus began coverage on shares of Roper Technologies in a research report on Thursday, March 27th. They set a “buy” rating and a $685.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Oppenheimer upped their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $629.18.

Insider Activity

In other news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 over the last quarter. 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.