Acadian Asset Management LLC Sells 23,470 Shares of Roper Technologies, Inc. $ROP

Key Points

• Acadian Asset Management LLC has reduced its stake in Roper Technologies, Inc. by 16.8%, selling 23,470 shares and bringing its ownership to 116,165 shares.
• The company reported earnings of $4.87 per share for the last quarter, beating analysts' expectations and marking a 13.2% increase in revenue year-over-year.
• Roper Technologies has announced a quarterly dividend of $0.825 per share, with an annualized yield of 0.6%, set to be paid on October 17th.

Acadian Asset Management LLC lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 16.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,165 shares of the industrial products company's stock after selling 23,470 shares during the quarter. Acadian Asset Management LLC owned 0.11% of Roper Technologies worth $68,475,000 as of its most recent filing with the Securities & Exchange Commission.

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

Roper Technologies Trading Down 1.2%

NYSE:ROP opened at $513.23 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $55.23 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The firm's 50 day moving average is $540.46 and its 200 day moving average is $558.68. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results 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 net margin of 22.01% and a return on equity of 10.79%. During the same quarter in the previous year, the business posted $4.48 EPS. Roper Technologies's revenue was up 13.2% on a year-over-year basis. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current 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 issued a dividend of $0.825 per share. The ex-dividend date of this dividend 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%.

Insiders Place Their Bets

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were 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 SEC, which is available through this link. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction 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. Insiders own 0.78% of the company's stock.

Analyst Ratings Changes

ROP has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Mizuho set a $600.00 target price on shares of Roper Technologies in a research report on Friday, May 16th. Truist Financial lifted their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, Citigroup began coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $636.36.

Roper Technologies 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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