5,447 Shares of Roper Technologies, Inc. $ROP Purchased by Ascent Group LLC

Key Points

• Ascent Group LLC opened a new position in Roper Technologies, buying 5,447 shares valued at approximately $1.9 million. Institutional investors and hedge funds collectively own 93.31% of the stock.
• Roper reported quarterly EPS of $5.89, beating estimates of $5.79, while revenue rose 7.7% year over year to $2.17 billion. The company also raised its quarterly dividend about 10%, from $0.91 to $1.00 per share.
• Insiders have sold shares recently, including CEO Laurence Hunn, while analysts’ consensus rating remains Hold with an average price target of $469.41; commentary also flagged the stock as potentially fully valued.

Ascent Group LLC acquired a new stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,447 shares of the industrial products company's stock, valued at approximately $1,903,000.

A number of other large investors also recently modified their holdings of ROP. BlackRock Inc. bought a new stake in Roper Technologies during the 2nd quarter worth about $3,346,912,000. Wellington Management Group LLP purchased a new stake in shares of Roper Technologies during the second quarter valued at $890,328,000. Arrowstreet Capital Limited Partnership lifted its position in Roper Technologies by 206.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company's stock valued at $474,070,000 after purchasing an additional 903,223 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Roper Technologies by 6.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,367,260 shares of the industrial products company's stock worth $462,667,000 after buying an additional 78,713 shares during the last quarter. Finally, Flossbach Von Storch SE purchased a new position in Roper Technologies during the second quarter valued at $448,321,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Roper Technologies

Here are the key news stories impacting Roper Technologies this week:

• Positive Sentiment: Roper raised its quarterly dividend about 10%, from $0.91 to $1.00 per share, extending its streak of annual increases to 34 years. The increase signals continued commitment to shareholder returns and confidence in the business. Roper Technologies Rewards Shareholders With 10% Dividend Hike
• Negative Sentiment: CEO Laurence Hunn sold 40,000 shares for $19.7 million, reducing his direct holdings by 47.36%. Separately, Chief Accounting Officer Brandon Cross sold 2,000 shares, cutting his position by 46.83%. The sales may raise investor concern, though insider transactions alone do not establish a negative outlook. CEO SEC filing CAO SEC filing
• Negative Sentiment: A recent commentary says ROP looks fully valued as investors focus on cash flow, suggesting limited room for further gains if cash generation does not support expectations. Roper Technologies Stock Looks Fully Valued As Cash Flow Comes Into Focus

Roper Technologies Stock Performance

NASDAQ:ROP opened at $476.60 on Friday. The company has a market capitalization of $47.14 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.38 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.43 and a quick ratio of 0.39. The business has a fifty day simple moving average of $399.06 and a two-hundred day simple moving average of $367.19. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $507.24.

Roper Technologies (NASDAQ:ROP - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share for the quarter, topping the consensus estimate of $5.79 by $0.10. The company had revenue of $2.17 billion for the quarter. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.14 EPS. On average, analysts expect that Roper Technologies, Inc. will post 22.38 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 19th. Stockholders of record on Monday, January 4th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, January 4th. This is a boost from Roper Technologies's previous quarterly dividend of $0.91. Roper Technologies's payout ratio is 14.36%.

Insider Activity

In related news, EVP Jason Conley sold 12,000 shares of the business's stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $435.53, for a total transaction of $5,226,360.00. Following the transaction, the executive vice president directly owned 28,457 shares of the company's stock, valued at approximately $12,393,877.21. The trade was a 29.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Stipancich sold 3,500 shares of the company's stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $449.04, for a total value of $1,571,640.00. Following the transaction, the executive vice president directly owned 35,434 shares in the company, valued at $15,911,283.36. The trade was a 8.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 57,500 shares of company stock valued at $27,476,600. Insiders own 0.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ROP shares. Royal Bank Of Canada upped their target price on Roper Technologies from $417.00 to $450.00 and gave the stock a "sector perform" rating in a research report on Friday, October 23rd. Jefferies Financial Group lifted their target price on Roper Technologies from $500.00 to $540.00 and gave the stock a "buy" rating in a report on Thursday, October 22nd. Mizuho set a $355.00 price target on Roper Technologies in a research report on Tuesday, July 21st. The Goldman Sachs Group reduced their price objective on Roper Technologies from $414.00 to $410.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. raised shares of Roper Technologies from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $415.00 to $490.00 in a report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $469.41.

Roper Technologies Company Profile

Roper Technologies is a diversified technology company that develops and operates software and technology-enabled businesses. Its products and services support organizations in areas including healthcare, legal services, construction, education, insurance, and energy.

The company's portfolio includes vertical-market software, network software, and technology-enabled products. Its offerings range from specialized business and data-management applications to measurement and analytical products used in industrial and other settings.

Roper traces its history to 1981, when it was established as Roper Industries; it adopted the name Roper Technologies in 2015 as its business increasingly focused on software and technology.

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