Benchmark Investment Advisors LLC Sells 1,401 Shares of Roper Technologies, Inc. $ROP

Key Points

• Benchmark Investment Advisors LLC decreased its stake in Roper Technologies, Inc. by 25.9%, selling 1,401 shares, leaving them with a total of 4,004 shares worth approximately $2.36 million.
• Recent analyst upgrades have set a consensus target price for Roper Technologies at $636.36, with most analysts rating the stock as a Moderate Buy.
• Roper Technologies announced a quarterly dividend of $0.825 per share scheduled for payment on October 17th, which represents an annualized yield of 0.6%.

Benchmark Investment Advisors LLC trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 25.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,004 shares of the industrial products company's stock after selling 1,401 shares during the period. Roper Technologies comprises approximately 1.5% of Benchmark Investment Advisors LLC's investment portfolio, making the stock its 21st largest holding. Benchmark Investment Advisors LLC's holdings in Roper Technologies were worth $2,360,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ROP. Nuveen LLC bought a new stake in Roper Technologies in the 1st quarter valued at about $894,764,000. GAMMA Investing LLC raised its stake in Roper Technologies by 103,901.5% in the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after acquiring an additional 1,113,824 shares during the period. Wellington Management Group LLP raised its stake in Roper Technologies by 92.3% in the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock valued at $826,030,000 after acquiring an additional 672,306 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Roper Technologies by 9.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company's stock valued at $3,515,984,000 after acquiring an additional 500,764 shares during the period. Finally, Pictet Asset Management Holding SA raised its stake in Roper Technologies by 23.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,083,549 shares of the industrial products company's stock valued at $638,648,000 after acquiring an additional 205,019 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction on 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 sale, the vice president owned 38,932 shares of the company's stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction 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 completion of the sale, 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. Corporate insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ROP shares. Robert W. Baird lifted their target price on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a 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 report on Tuesday, July 22nd. Mizuho set a $600.00 target price on Roper Technologies in a report on Friday, May 16th. 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 report on Tuesday, July 22nd. Finally, Citigroup initiated coverage on Roper Technologies in a report on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and an average target price of $636.36.

Roper Technologies Price Performance

ROP traded up $5.14 during midday trading on Wednesday, hitting $524.13. The stock had a trading volume of 712,896 shares, compared to its average volume of 633,426. The company has a market cap of $56.40 billion, a P/E ratio of 36.55, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The business has a fifty day moving average of $545.97 and a 200 day moving average of $560.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. 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 released its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.The business's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $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, equities 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 disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's dividend payout ratio is 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.