4,883 Shares in Roper Technologies, Inc. $ROP Purchased by Anderson Hoagland & Co.

Key Points

• Anderson Hoagland & Co. invested approximately $2.77 million in Roper Technologies, Inc. by purchasing 4,883 shares in the 2nd quarter.
• Roper Technologies reported a 13.2% year-over-year revenue increase and exceeded analysts' earnings expectations with $4.87 EPS for the last quarter.
• The company announced a quarterly dividend of $0.825, representing a 0.6% dividend yield, to be paid to investors of record on October 3rd.

Anderson Hoagland & Co. purchased a new position in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,883 shares of the industrial products company's stock, valued at approximately $2,768,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Canoe Financial LP increased its stake in Roper Technologies by 781.5% during the second quarter. Canoe Financial LP now owns 7,704 shares of the industrial products company's stock worth $4,367,000 after purchasing an additional 6,830 shares during the period. Legacy Financial Strategies LLC lifted its holdings in Roper Technologies by 1.2% in the second quarter. Legacy Financial Strategies LLC now owns 6,146 shares of the industrial products company's stock valued at $3,484,000 after acquiring an additional 70 shares during the period. Rockland Trust Co. raised its stake in shares of Roper Technologies by 1.3% during the 2nd quarter. Rockland Trust Co. now owns 37,015 shares of the industrial products company's stock worth $20,982,000 after buying an additional 480 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Roper Technologies by 0.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,643 shares of the industrial products company's stock worth $10,110,000 after purchasing an additional 153 shares in the last quarter. Finally, Longboard Asset Management LP purchased a new stake in Roper Technologies in the 2nd quarter valued at about $314,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ROP. Truist Financial raised their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Royal Bank Of Canada boosted their price objective on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Citigroup began coverage on Roper Technologies in a research note on Wednesday, August 20th. They set a "buy" rating and a $626.00 price target on the stock. Robert W. Baird upped their price target 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, JPMorgan Chase & Co. raised their price objective on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $636.36.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was 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. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the sale, the vice president directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Performance

NASDAQ ROP traded down $4.39 during trading on Friday, reaching $504.62. The company's stock had a trading volume of 1,437,865 shares, compared to its average volume of 786,674. The business's fifty day moving average price is $533.03 and its 200-day moving average price is $554.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. The firm has a market cap of $54.30 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 2.37 and a beta of 1.03. Roper Technologies, Inc. has a twelve month low of $499.00 and a twelve month high of $595.17.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its 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 net margin of 20.62% and a return on equity of 10.83%. Roper Technologies's revenue was up 13.2% on a year-over-year basis. 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. As a group, analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.7%. Roper Technologies's dividend payout ratio is currently 23.19%.

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.