Allstate Corp Has $1.53 Million Holdings in Roper Technologies, Inc. $ROP

Key Points

• Allstate Corp reduced its position in Roper Technologies, Inc. by 19.7% in the 1st quarter, holding 2,592 shares worth approximately $1.53 million after selling 636 shares.
• Roper Technologies reported an earnings per share (EPS) of $4.87 for the last quarter, exceeding expectations and indicating a year-over-year revenue increase of 13.2%.
• The company declared a quarterly dividend of $0.825 per share, with a yield of 0.6%, set to be paid on October 17th to shareholders of record as of October 3rd.

Allstate Corp lessened its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 19.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,592 shares of the industrial products company's stock after selling 636 shares during the period. Allstate Corp's holdings in Roper Technologies were worth $1,528,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ROP. Brighton Jones LLC purchased a new position in shares of Roper Technologies in the 4th quarter valued at $203,000. OneDigital Investment Advisors LLC grew its holdings in Roper Technologies by 2.1% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,021 shares of the industrial products company's stock worth $531,000 after acquiring an additional 21 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Roper Technologies by 5.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,853 shares of the industrial products company's stock worth $3,043,000 after acquiring an additional 325 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Roper Technologies by 21.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 9,929 shares of the industrial products company's stock valued at $5,161,000 after buying an additional 1,732 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in shares of Roper Technologies by 30.7% in the 4th quarter. Voya Investment Management LLC now owns 55,570 shares of the industrial products company's stock valued at $28,888,000 after buying an additional 13,053 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction that occurred 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 transaction, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction that occurred 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 in the company, valued at $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.87% of the company's stock.

Roper Technologies Price Performance

ROP stock traded down $0.93 on Friday, hitting $525.66. 294,794 shares of the company's stock traded hands, compared to its average volume of 629,013. The stock has a market cap of $56.57 billion, a price-to-earnings ratio of 36.64, a P/E/G ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. 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 fifty day moving average of $548.52 and a 200-day moving average of $561.96.

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

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders 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 annualized dividend and a yield of 0.6%. Roper Technologies's payout ratio is 23.19%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ROP. Citigroup began coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Mizuho set a $600.00 price objective on shares of Roper Technologies in a research report on Friday, May 16th. Robert W. Baird lifted their price objective on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada boosted their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" 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 assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.