Roper Technologies, Inc. (NYSE:ROP) Holdings Lowered by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. reduced its stake in Roper Technologies by 24.9%, owning 767,798 shares valued at approximately $452.7 million after selling 254,867 shares.
• Roper Technologies reported a quarterly EPS of $4.87, exceeding analyst expectations by $0.04, and a year-over-year revenue increase of 13.2%.
• The company has announced a quarterly dividend of $0.825 per share, with a yield of 0.6%, to be paid on October 17th.

JPMorgan Chase & Co. trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 24.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 767,798 shares of the industrial products company's stock after selling 254,867 shares during the period. JPMorgan Chase & Co. owned about 0.71% of Roper Technologies worth $452,679,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ROP. Brighton Jones LLC acquired a new position in Roper Technologies during the fourth quarter valued at $203,000. Federated Hermes Inc. raised its position in Roper Technologies by 15.9% during the fourth quarter. Federated Hermes Inc. now owns 5,421 shares of the industrial products company's stock valued at $2,818,000 after buying an additional 742 shares during the period. Renaissance Technologies LLC acquired a new position in Roper Technologies during the fourth quarter valued at $14,296,000. Townsquare Capital LLC raised its position in Roper Technologies by 15.6% during the fourth quarter. Townsquare Capital LLC now owns 2,374 shares of the industrial products company's stock valued at $1,234,000 after buying an additional 321 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new position in Roper Technologies during the fourth quarter valued at $272,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. This represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the sale, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. William Blair started coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating on the stock. JPMorgan Chase & Co. upped their target price on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $637.18.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $527.48 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The firm has a market cap of $56.76 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 2.77 and a beta of 0.99. The business's 50-day simple moving average is $558.32 and its 200-day simple moving average is $565.42. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The business's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $4.48 EPS. As a group, equities research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.6%. Roper Technologies's dividend payout ratio is presently 23.19%.

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.

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