JPL Wealth Management LLC Buys Shares of 6,560 Roper Technologies, Inc. (NYSE:ROP)

JPL Wealth Management LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, Holdings Channel reports. The firm bought 6,560 shares of the industrial products company’s stock, valued at approximately $3,410,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Roper Technologies by 2.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 286,552 shares of the industrial products company’s stock worth $159,449,000 after acquiring an additional 5,571 shares during the last quarter. Savvy Advisors Inc. lifted its holdings in shares of Roper Technologies by 15.3% in the 3rd quarter. Savvy Advisors Inc. now owns 414 shares of the industrial products company’s stock worth $230,000 after acquiring an additional 55 shares during the last quarter. First Heartland Consultants Inc. lifted its holdings in shares of Roper Technologies by 4.4% in the 3rd quarter. First Heartland Consultants Inc. now owns 571 shares of the industrial products company’s stock worth $318,000 after acquiring an additional 24 shares during the last quarter. Haverford Trust Co lifted its holdings in shares of Roper Technologies by 18.2% in the 3rd quarter. Haverford Trust Co now owns 1,525 shares of the industrial products company’s stock worth $849,000 after acquiring an additional 235 shares during the last quarter. Finally, Simmons Bank lifted its holdings in shares of Roper Technologies by 4.0% in the 3rd quarter. Simmons Bank now owns 5,201 shares of the industrial products company’s stock worth $2,894,000 after acquiring an additional 202 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Up 0.1 %

Shares of NYSE:ROP opened at $566.42 on Thursday. The stock has a market cap of $60.83 billion, a P/E ratio of 39.50, a P/E/G ratio of 2.77 and a beta of 1.06. The firm has a fifty day moving average price of $555.26 and a 200 day moving average price of $551.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.01%.

Insider Buying and Selling

In other news, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares of the company’s stock, valued at $767,936.07. This trade represents a 36.08 % 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. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ROP. Truist Financial restated a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research note on Friday, January 31st. 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 note on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Oppenheimer increased their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $623.60.

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.