Amundi Decreases Stock Position in Roper Technologies, Inc. $ROP

Key Points

• Amundi has reduced its stake in Roper Technologies, Inc. by 14.0% during the first quarter, now holding approximately 0.25% of the company with a value of $155.4 million.
• Wall Street analysts have issued a consensus rating of "Moderate Buy" for Roper Technologies, with a target price averaging $636.36.
• The company recently announced a quarterly dividend of $0.825, translating to an annual yield of 0.6%, with a payout ratio of 23.19%.

Amundi lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 14.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 265,883 shares of the industrial products company's stock after selling 43,390 shares during the quarter. Amundi owned approximately 0.25% of Roper Technologies worth $155,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Endowment Wealth Management Inc. boosted its holdings in shares of Roper Technologies by 3.4% in the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock worth $327,000 after purchasing an additional 18 shares during the period. Meridian Financial Partners LLC lifted its stake in shares of Roper Technologies by 0.9% during the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock worth $1,221,000 after acquiring an additional 19 shares during the last quarter. My Legacy Advisors LLC lifted its stake in shares of Roper Technologies by 1.5% during the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock worth $751,000 after acquiring an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV lifted its stake in shares of Roper Technologies by 2.7% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after acquiring an additional 20 shares during the last quarter. Finally, Tritonpoint Wealth LLC lifted its stake in shares of Roper Technologies by 2.7% during the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock worth $448,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday, May 16th. Citigroup assumed coverage on Roper Technologies in a research report on Wednesday, August 20th. They set 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 company an "outperform" rating in a research report on Tuesday, July 22nd. Truist Financial lifted their target price on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, Robert W. Baird increased their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued 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 an average target price of $636.36.

Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the transaction, the director directly owned 20,510 shares of the company's stock, 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 corporate insiders.

Roper Technologies Stock Performance

Shares of NYSE ROP traded up $4.99 during midday trading on Monday, reaching $523.43. The company had a trading volume of 1,085,944 shares, compared to its average volume of 635,356. 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 business's 50-day simple moving average is $543.45 and its 200 day simple moving average is $559.62. The stock has a market cap of $56.33 billion, a P/E ratio of 36.50, a P/E/G ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

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 for the quarter, beating 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 revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a $0.825 dividend. The ex-dividend date is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio is presently 23.19%.

Roper Technologies Company 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.