Roper Technologies, Inc. $ROP Shares Sold by Ashford Capital Management Inc.

Key Points

• Ashford Capital Management Inc. reduced its stake in Roper Technologies by 10.4%, selling 801 shares and now holding 6,900 shares valued at approximately $4.07 million.
• Roper Technologies recently reported a quarterly earnings per share of $4.87, exceeding expectations, while also laying out guidance for FY 2025 between $19.900-20.050 EPS.
• The company announced a quarterly dividend of $0.825 per share, payable on October 17th, with a current annualized yield of 0.6%.

Ashford Capital Management Inc. cut its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 10.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,900 shares of the industrial products company's stock after selling 801 shares during the quarter. Ashford Capital Management Inc.'s holdings in Roper Technologies were worth $4,068,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ROP. MorganRosel Wealth Management LLC acquired a new stake in Roper Technologies during the first quarter worth approximately $27,000. Putney Financial Group LLC acquired a new stake in Roper Technologies during the fourth quarter worth approximately $31,000. Olde Wealth Management LLC acquired a new stake in Roper Technologies during the first quarter worth approximately $31,000. Wayfinding Financial LLC acquired a new stake in Roper Technologies during the first quarter worth approximately $31,000. Finally, Alpine Bank Wealth Management acquired a new stake in Roper Technologies during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ROP shares. Royal Bank Of Canada raised their target price 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. Truist Financial increased their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Mizuho set a $600.00 price target on shares of Roper Technologies in a research note on Friday, May 16th. Citigroup started coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They set a "buy" rating and a $626.00 price target on the stock. Finally, Robert W. Baird increased their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research note 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $636.36.

Roper Technologies Trading Up 1.0%

Shares of ROP stock traded up $5.14 during mid-day trading on Wednesday, reaching $524.13. The company's stock had a trading volume of 712,904 shares, compared to its average volume of 633,426. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. 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 firm has a market capitalization of $56.40 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The company's 50 day simple moving average is $545.97 and its 200-day simple moving average is $560.84.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping 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 period last year, the company posted $4.48 EPS. Roper Technologies's revenue for the quarter 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. On average, research analysts predict 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 issued a $0.825 dividend. The ex-dividend date 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 currently 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 value of $846,255.00. Following the transaction, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.87% of the company's stock.

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.