Baird Financial Group Inc. Sells 13,014 Shares of Roper Technologies, Inc. $ROP

Key Points

• Baird Financial Group Inc. reduced its stake in Roper Technologies by 16.3%, selling 13,014 shares and owning approximately 0.06% of the company valued at $39,371,000.
• A variety of institutional investors have recently acquired shares in Roper Technologies, with 93.31% of the stock now held by hedge funds and other institutional investors.
• Roper Technologies announced a $0.825 quarterly dividend to be paid on October 17, showcasing a 0.6% dividend yield with a payout ratio of 23.19%.

Baird Financial Group Inc. reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 16.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,778 shares of the industrial products company's stock after selling 13,014 shares during the quarter. Baird Financial Group Inc. owned approximately 0.06% of Roper Technologies worth $39,371,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new stake in Roper Technologies during the first quarter worth $27,000. Olde Wealth Management LLC bought a new stake in Roper Technologies during the first quarter worth $31,000. Wayfinding Financial LLC bought a new stake in Roper Technologies during the first quarter worth $31,000. Alpine Bank Wealth Management bought a new stake in Roper Technologies during the first quarter worth $34,000. Finally, Putney Financial Group LLC bought a new stake in shares of Roper Technologies in the fourth quarter valued at $31,000. 93.31% of the stock is currently owned by institutional investors.

Insider Activity

In other news, 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 in the company, valued at approximately $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 can be accessed through this link. Also, 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 completion of the transaction, the vice president owned 38,932 shares of the company's stock, valued at $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. 0.87% of the stock is owned by insiders.

Roper Technologies Price Performance

Roper Technologies stock traded up $5.14 during midday trading on Wednesday, hitting $524.13. 712,930 shares of the company's stock were exchanged, compared to its average volume of 633,427. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The stock has a 50-day moving average price of $545.11 and a two-hundred day moving average price of $560.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market cap of $56.40 billion, a P/E ratio of 36.55, a PEG ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS 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%.During the same quarter in the previous year, the business earned $4.48 earnings per share. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. 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, equities research 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 announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's payout ratio is presently 23.19%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ROP. Royal Bank Of Canada boosted their target price on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. Citigroup started coverage on Roper Technologies in a research note on Wednesday, August 20th. They issued a "buy" rating and a $626.00 target price on the stock. Finally, Robert W. Baird boosted their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $636.36.

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.