1832 Asset Management L.P. Grows Holdings in Roper Technologies, Inc. $ROP

Key Points

• 1832 Asset Management L.P. has increased its stake in Roper Technologies by 11.1%, owning a total of 33,096 shares valued at approximately $19.5 million as of the most recent quarter.
• Insider transactions included Director Richard F. Wallman selling 352 shares for over $195k, resulting in a 1.69% decrease in ownership.
• Wall Street analysts have mixed views on the stock, with target prices ranging from $626 to $685, and an average rating of "Moderate Buy."

1832 Asset Management L.P. increased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 11.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,096 shares of the industrial products company's stock after acquiring an additional 3,320 shares during the quarter. 1832 Asset Management L.P.'s holdings in Roper Technologies were worth $19,513,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CWA Asset Management Group LLC grew its holdings in Roper Technologies by 8.6% during the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock valued at $453,000 after buying an additional 61 shares in the last quarter. Freedom Day Solutions LLC purchased a new stake in Roper Technologies during the 1st quarter valued at approximately $1,808,000. Tandem Investment Advisors Inc. grew its holdings in Roper Technologies by 49.9% during the 1st quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock valued at $57,914,000 after buying an additional 32,694 shares in the last quarter. GAMMA Investing LLC grew its holdings in Roper Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock valued at $1,115,000 after buying an additional 819 shares in the last quarter. Finally, Legacy Advisors LLC purchased a new stake in Roper Technologies during the 1st quarter valued at approximately $264,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction on 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 in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $846,255.00. Following the sale, the vice president owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This trade represents a 3.71% 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.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Raymond James Financial reaffirmed a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Stifel Nicolaus lowered their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Oppenheimer reiterated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Truist Financial increased their target price on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, Citigroup initiated coverage on Roper Technologies in a research report on Wednesday. They set a "buy" rating and a $626.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $636.36.

Roper Technologies Stock Up 1.9%

Shares of ROP opened at $536.84 on Friday. The company has a market cap of $57.77 billion, a PE ratio of 37.44, a P/E/G ratio of 2.77 and a beta of 0.99. The business has a fifty day moving average of $551.11 and a 200 day moving average of $563.23. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.The business's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.48 earnings per share. 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, sell-side analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.825 dividend. The ex-dividend date is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies's dividend payout ratio (DPR) 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.

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