Roper Technologies, Inc. $ROP Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. raised its position in Roper Technologies, Inc. (NASDAQ:ROP) by 5.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,230 shares of the industrial products company’s stock after purchasing an additional 266 shares during the quarter. QRG Capital Management Inc.’s holdings in Roper Technologies were worth $2,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Endowment Wealth Management Inc. grew its stake in shares of Roper Technologies by 3.4% in the first quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 18 shares in the last quarter. Fiduciary Alliance LLC grew its position in Roper Technologies by 0.8% in the 2nd quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company’s stock valued at $1,329,000 after buying an additional 18 shares in the last quarter. My Legacy Advisors LLC increased its stake in Roper Technologies by 1.5% during the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company’s stock valued at $751,000 after buying an additional 19 shares during the period. Tritonpoint Wealth LLC raised its position in shares of Roper Technologies by 2.7% during the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company’s stock worth $448,000 after buying an additional 20 shares in the last quarter. Finally, Winch Advisory Services LLC lifted its stake in shares of Roper Technologies by 2.2% in the 1st quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 20 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on ROP. Truist Financial boosted their target price on Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Roper Technologies in a research report on Saturday, September 27th. Royal Bank Of Canada upped their price objective on Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Citigroup began coverage on Roper Technologies in a report on Wednesday, August 20th. They set a “buy” rating and a $626.00 target price on the stock. Finally, Barclays cut their price target on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $635.27.

Insider Buying and Selling at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction 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 transaction, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares of the company’s stock, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

Roper Technologies Trading Up 1.4%

NASDAQ:ROP opened at $506.99 on Tuesday. The stock has a fifty day simple moving average of $521.65 and a 200 day simple moving average of $549.15. The firm has a market capitalization of $54.56 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 2.35 and a beta of 1.00. Roper Technologies, Inc. has a 1-year low of $492.25 and a 1-year high of $595.17. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.During the same quarter in the prior year, the firm posted $4.48 EPS. The company’s quarterly revenue 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. Sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, October 3rd. Roper Technologies’s payout ratio 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.