HB Wealth Management LLC Sells 103 Shares of Roper Technologies, Inc. $ROP

HB Wealth Management LLC trimmed its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,719 shares of the industrial products company’s stock after selling 103 shares during the period. HB Wealth Management LLC’s holdings in Roper Technologies were worth $2,675,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in Roper Technologies by 4.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 26,077 shares of the industrial products company’s stock valued at $14,782,000 after acquiring an additional 1,067 shares during the period. Archford Capital Strategies LLC bought a new stake in Roper Technologies in the 2nd quarter valued at about $322,000. Moss Adams Wealth Advisors LLC raised its stake in Roper Technologies by 24.6% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 431 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 85 shares during the period. GC Wealth Management RIA LLC raised its stake in Roper Technologies by 251.8% in the 2nd quarter. GC Wealth Management RIA LLC now owns 3,356 shares of the industrial products company’s stock valued at $1,902,000 after acquiring an additional 2,402 shares during the period. Finally, Alpine Bank Wealth Management raised its stake in Roper Technologies by 68.4% in the 2nd quarter. Alpine Bank Wealth Management now owns 96 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 39 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ROP. Truist Financial boosted their price objective on Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $561.00 to $577.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Citigroup assumed coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price target on the stock. Royal Bank Of Canada upped their price target on Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Finally, Robert W. Baird upped their price target on Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $635.27.

Insider Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $195,800.00. Following the transaction, the director owned 20,510 shares in the company, valued at $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

Roper Technologies Stock Down 0.1%

Shares of ROP opened at $497.97 on Thursday. Roper Technologies, Inc. has a 1 year low of $492.25 and a 1 year high of $595.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43. The stock has a 50 day simple moving average of $525.21 and a two-hundred day simple moving average of $551.05. The firm has a market cap of $53.59 billion, a P/E ratio of 34.99, a P/E/G ratio of 2.34 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings results 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 net margin of 20.62% and a return on equity of 10.83%. During the same quarter in the previous year, the company earned $4.48 EPS. Roper Technologies’s revenue for the quarter was up 13.2% compared to the same quarter last year. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. On average, analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, October 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 23.19%.

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.