1,833 Shares in Roper Technologies, Inc. $ROP Purchased by Morningstar Investment Management LLC

Key Points

• Morningstar Investment Management LLC has acquired 1,833 shares of Roper Technologies, Inc., valued at approximately $1,039,000, as part of its new position in the company.
• Analysts have set an average price target of $635.27 for Roper Technologies, with a consensus rating of "Moderate Buy".
• The company recently announced a quarterly dividend of $0.825, representing an annualized yield of 0.6% and a payout ratio of 23.19%.

Morningstar Investment Management LLC acquired a new position in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,833 shares of the industrial products company's stock, valued at approximately $1,039,000.

Several other large investors also recently added to or reduced their stakes in ROP. Nuveen LLC purchased a new stake in Roper Technologies in the 1st quarter worth about $894,764,000. Wellington Management Group LLP grew its holdings in Roper Technologies by 92.3% during the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock valued at $826,030,000 after buying an additional 672,306 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Roper Technologies by 9.2% during the 1st 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 buying an additional 500,764 shares in the last quarter. Swedbank AB grew its holdings in Roper Technologies by 201.6% during the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company's stock valued at $382,908,000 after buying an additional 451,549 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Roper Technologies by 65.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company's stock valued at $377,407,000 after buying an additional 252,056 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup assumed coverage on Roper Technologies in a report on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price for the company. Barclays reduced their target price on Roper Technologies from $562.00 to $550.00 and set an "underweight" rating for the company in a report on Wednesday, October 1st. Truist Financial lifted their target price on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Roper Technologies in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $635.27.

Insider Buying and Selling

In related news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction that occurred 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 completion of the sale, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction that occurred 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 owned 20,510 shares of the company's stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.87% of the company's stock.

Roper Technologies Stock Performance

Shares of ROP opened at $512.73 on Tuesday. The company has a market cap of $55.17 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 2.39 and a beta of 1.00. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average price of $517.98 and a 200-day moving average price of $546.75. Roper Technologies, Inc. has a 12-month low of $492.25 and a 12-month high of $595.17.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. The company had revenue of $1.88 billion during the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. As a group, equities analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced 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 payout ratio is presently 23.19%.

About Roper Technologies

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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