Longboard Asset Management LP Invests $314,000 in Roper Technologies, Inc. $ROP

Key Points

• Longboard Asset Management LP has acquired 554 shares of Roper Technologies, valued at approximately $314,000, making it the 8th largest holding in their portfolio.
• Research firms have raised their target prices on Roper Technologies, with the average target now at $636.36 and an overall rating of "Moderate Buy."
• Roper Technologies declared a quarterly dividend of $0.825 per share, scheduled for payment on October 17th, reflecting a 0.6% dividend yield.

Longboard Asset Management LP acquired a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 554 shares of the industrial products company's stock, valued at approximately $314,000. Roper Technologies makes up about 0.8% of Longboard Asset Management LP's investment portfolio, making the stock its 8th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Saudi Central Bank acquired a new stake in Roper Technologies during the 1st quarter valued at approximately $25,000. MorganRosel Wealth Management LLC acquired a new stake in Roper Technologies during the 1st quarter valued at approximately $27,000. Banque Transatlantique SA acquired a new stake in Roper Technologies during the 1st quarter valued at approximately $25,000. Olde Wealth Management LLC acquired a new position in shares of Roper Technologies in the 1st quarter worth approximately $31,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Roper Technologies in the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, 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 transaction of $846,255.00. Following the sale, the vice president owned 38,932 shares of the company's stock, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies 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 sale, the director directly owned 20,510 shares in the company, 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. 0.78% of the stock is owned by insiders.

Roper Technologies Stock Performance

NASDAQ:ROP traded down $4.39 during midday trading on Friday, reaching $504.62. 1,437,865 shares of the company traded hands, compared to its average volume of 786,674. Roper Technologies, Inc. has a twelve month low of $499.00 and a twelve month high of $595.17. The firm has a market capitalization of $54.30 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 2.37 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43. The company has a fifty day moving average price of $533.03 and a 200 day moving average price of $554.92.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.The firm's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $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, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.7%. Roper Technologies's payout ratio is presently 23.19%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ROP shares. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Citigroup started coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 target price for the company. Royal Bank Of Canada lifted their target price on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Robert W. Baird lifted their target price on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Truist Financial lifted their target price on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" 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, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $636.36.

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.