Ameriprise Financial Inc. Trims Stake in Roper Technologies, Inc. $ROP

Key Points

• Ameriprise Financial Inc. reduced its stake in Roper Technologies, Inc. by 11.8%, selling 27,290 shares and retaining 204,703 shares valued at approximately $120.69 million.
• Roper Technologies has announced a quarterly dividend of $0.825 per share, with an annualized dividend yield of 0.6% set to be paid on October 17th.
• Analysts have recently upgraded Roper Technologies' price target, with predictions ranging from $577.00 to $687.00, indicating a general optimism about the stock's performance moving forward.

Ameriprise Financial Inc. lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 11.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,703 shares of the industrial products company's stock after selling 27,290 shares during the period. Ameriprise Financial Inc. owned approximately 0.19% of Roper Technologies worth $120,690,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $203,000. OneDigital Investment Advisors LLC raised its stake in shares of 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 purchasing an additional 21 shares in the last quarter. 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 last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Roper Technologies by 8.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,840 shares of the industrial products company's stock valued at $2,516,000 after buying an additional 373 shares in the last quarter. Finally, Two Sigma Securities LLC increased its holdings in Roper Technologies by 285.0% during the fourth quarter. Two Sigma Securities LLC now owns 420 shares of the industrial products company's stock worth $218,000 after buying an additional 647 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROP has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. Truist Financial lifted their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Citigroup began coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research note 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 data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $636.36.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 352 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, the director owned 20,510 shares of the company's stock, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction dated 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 directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.87% of the company's stock.

Roper Technologies Price Performance

Shares of ROP stock traded down $0.89 during trading hours on Friday, reaching $525.71. The company's stock had a trading volume of 505,003 shares, compared to its average volume of 630,285. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm's 50 day simple moving average is $548.52 and its 200-day simple moving average is $561.96. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $56.57 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior 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. Sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio (DPR) is 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.