Roper Technologies, Inc. $ROP Shares Sold by Vest Financial LLC

Vest Financial LLC reduced its stake in Roper Technologies, Inc. (NASDAQ:ROP) by 5.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,784 shares of the industrial products company’s stock after selling 6,059 shares during the period. Vest Financial LLC owned 0.09% of Roper Technologies worth $55,428,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ROP. Nuveen LLC acquired a new position in Roper Technologies in the first quarter valued at approximately $894,764,000. Wellington Management Group LLP boosted its stake in Roper Technologies by 92.3% in the first quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company’s stock valued at $826,030,000 after acquiring an additional 672,306 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Roper Technologies by 9.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock valued at $3,515,984,000 after acquiring an additional 500,764 shares during the period. Swedbank AB boosted its stake in Roper Technologies by 201.6% in the second quarter. Swedbank AB now owns 675,513 shares of the industrial products company’s stock valued at $382,908,000 after acquiring an additional 451,549 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Roper Technologies by 65.0% in the first quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company’s stock valued at $377,407,000 after acquiring an additional 252,056 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $561.00 to $577.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Barclays cut their price target on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Roper Technologies in a report on Wednesday, October 8th. Robert W. Baird lifted their price target on Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Finally, Truist Financial lifted their price target on Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $635.27.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the transaction, the vice president owned 38,932 shares of the company’s stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Down 1.8%

ROP opened at $509.00 on Monday. Roper Technologies, Inc. has a one year low of $492.25 and a one year high of $595.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. The stock’s fifty day moving average is $518.65 and its 200-day moving average is $547.24. The company has a market capitalization of $54.77 billion, a PE ratio of 35.77, a P/E/G ratio of 2.39 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 EPS for the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.The company had revenue of $1.88 billion for the quarter. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. On average, equities analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies’s dividend payout ratio is currently 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.