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

KCM Investment Advisors LLC increased its stake in Roper Technologies, Inc. (NYSE:ROP) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,696 shares of the industrial products company’s stock after acquiring an additional 611 shares during the period. KCM Investment Advisors LLC’s holdings in Roper Technologies were worth $2,961,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Roper Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock worth $5,497,467,000 after acquiring an additional 72,503 shares during the last quarter. Geode Capital Management LLC lifted its stake in Roper Technologies by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company’s stock worth $1,284,242,000 after purchasing an additional 29,184 shares during the last quarter. Norges Bank purchased a new position in shares of Roper Technologies during the fourth quarter valued at approximately $914,052,000. JPMorgan Chase & Co. grew its stake in shares of Roper Technologies by 54.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock valued at $531,633,000 after buying an additional 360,632 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of 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 buying an additional 97,706 shares during the period. 93.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Stifel Nicolaus began coverage on shares of Roper Technologies in a research note on Thursday, March 27th. They issued a “buy” rating and a $685.00 price target on the stock. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average price target of $629.18.

Roper Technologies Price Performance

Shares of ROP stock opened at $541.80 on Friday. The company has a market cap of $58.18 billion, a P/E ratio of 37.78, a PEG ratio of 2.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock’s 50-day moving average is $575.65 and its 200 day moving average is $554.63. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies Dividend Announcement

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

Insider Buying and Selling

In other news, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 in the last 90 days. 0.87% of the stock is owned by corporate insiders.

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.