JPL Wealth Management LLC Invests $1.53 Million in Roper Technologies, Inc. (NYSE:ROP)

JPL Wealth Management LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,802 shares of the industrial products company's stock, valued at approximately $1,528,000.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in Roper Technologies by 17.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 368 shares of the industrial products company's stock worth $201,000 after acquiring an additional 56 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in Roper Technologies during the fourth quarter worth $204,000. Dai ichi Life Insurance Company Ltd increased its position in Roper Technologies by 30.7% during the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 41,776 shares of the industrial products company's stock worth $22,775,000 after acquiring an additional 9,812 shares during the period. Aigen Investment Management LP increased its position in Roper Technologies by 11.9% during the fourth quarter. Aigen Investment Management LP now owns 1,448 shares of the industrial products company's stock worth $789,000 after acquiring an additional 154 shares during the period. Finally, Assetmark Inc. increased its holdings in Roper Technologies by 9.5% in the 4th quarter. Assetmark Inc. now owns 3,069 shares of the industrial products company's stock valued at $1,673,000 after buying an additional 265 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on ROP shares. Barclays upped their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Mizuho increased their target price on Roper Technologies from $525.00 to $530.00 and gave the stock a "neutral" rating in a research note on Monday, April 29th. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $696.00 to $680.00 and set an "outperform" rating on the stock in a report on Monday, April 29th. Oppenheimer reiterated an "outperform" rating and issued a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Finally, Raymond James lifted their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a "strong-buy" rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and an average price target of $584.82.

Roper Technologies Stock Performance

Shares of ROP stock traded up $6.05 on Wednesday, hitting $547.45. 511,938 shares of the stock were exchanged, compared to its average volume of 523,173. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $58.60 billion, a PE ratio of 39.73, a P/E/G ratio of 2.87 and a beta of 1.00. Roper Technologies, Inc. has a one year low of $441.06 and a one year high of $565.00. The firm's 50 day moving average is $537.18 and its two-hundred day moving average is $538.03.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.90 EPS. Sell-side analysts expect that Roper Technologies, Inc. will post 18.15 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.55%. Roper Technologies's dividend payout ratio is currently 21.77%.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.87% of the stock is owned by corporate insiders.

Roper Technologies 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.