Van Hulzen Asset Management LLC reduced its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 10.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 23,226 shares of the industrial products company’s stock after selling 2,718 shares during the period. Van Hulzen Asset Management LLC’s holdings in Roper Technologies were worth $7,859,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in ROP. Triumph Capital Management acquired a new position in Roper Technologies in the third quarter worth about $25,000. Private Wealth Management Group LLC increased its holdings in shares of Roper Technologies by 195.8% in the 1st quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 47 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $33,000. Edmond DE Rothschild Holding S.A. bought a new position in Roper Technologies during the second quarter worth $27,000. Finally, Kelleher Financial Advisors acquired a new position in Roper Technologies in the third quarter worth $40,000. 93.31% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have weighed in on ROP. Raymond James Financial cut shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, July 22nd. BMO Capital Markets assumed coverage on shares of Roper Technologies in a research note on Friday, July 10th. They set a “market perform” rating and a $393.00 price objective on the stock. Mizuho set a $355.00 target price on shares of Roper Technologies in a report on Tuesday, July 21st. Weiss Ratings raised Roper Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 14th. Finally, Zacks Research downgraded Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 25th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $466.94.
Roper Technologies Stock Down 1.3%
ROP opened at $390.35 on Thursday. The stock’s 50 day moving average price is $387.90 and its 200 day moving average price is $359.38. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.55 and a quick ratio of 0.51. The stock has a market cap of $38.61 billion, a P/E ratio of 16.17, a P/E/G ratio of 1.98 and a beta of 0.75. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $521.28.
Roper Technologies (NASDAQ:ROP – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $5.38 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.09. The business had revenue of $2.11 billion for the quarter. Roper Technologies had a net margin of 30.24% and a return on equity of 11.36%. Roper Technologies’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.87 earnings per share. Roper Technologies has set its FY 2026 guidance at 22.150-22.300 EPS and its Q3 2026 guidance at 5.750-5.800 EPS. As a group, research analysts predict that Roper Technologies, Inc. will post 22.22 earnings per share for the current year.
Roper Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, October 2nd. Roper Technologies’s dividend payout ratio is 15.08%.
Insiders Place Their Bets
In other Roper Technologies news, Director Richard F. Wallman sold 6,434 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $361.00, for a total transaction of $2,322,674.00. Following the completion of the sale, the director directly owned 7,423 shares of the company’s stock, valued at approximately $2,679,703. This represents a 46.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John K. Stipancich sold 2,000 shares of Roper Technologies stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $379.05, for a total transaction of $758,100.00. Following the completion of the transaction, the executive vice president directly owned 35,634 shares in the company, valued at approximately $13,507,067.70. This trade represents a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company’s stock.
Roper Technologies Profile
Roper Technologies, Inc (NASDAQ:ROP) is a diversified technology company that develops and operates specialized businesses serving niche markets. Its portfolio primarily consists of software and technology-enabled businesses that provide products and services to commercial, government, healthcare, education, and other professional customers.
The company’s activities include vertical-market software, network and data-management software, and technology-enabled products. Its software businesses support functions such as healthcare operations, education administration, construction and engineering, legal and professional services, and enterprise workflow management.
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