Carderock Capital Management Inc. Has $7.17 Million Stake in Roper Technologies, Inc. $ROP

Key Points

• Carderock Capital Management Inc. decreased its stake in Roper Technologies by 10.6%, selling 1,503 shares and holding 12,653 shares valued at $7.17 million.
• Roper Technologies' quarterly earnings surpassed analysts' expectations with an EPS of $4.87, a 13.2% year-over-year revenue increase, and projections of FY 2025 EPS between $19.900 and $20.050.
• The company announced a quarterly dividend of $0.825 per share, representing a 0.6% yield, scheduled for payment on October 17th.

Carderock Capital Management Inc. lessened its stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 10.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,653 shares of the industrial products company's stock after selling 1,503 shares during the period. Carderock Capital Management Inc.'s holdings in Roper Technologies were worth $7,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ROP. Saudi Central Bank acquired a new position in Roper Technologies in the first quarter worth $25,000. Banque Transatlantique SA acquired a new position in shares of Roper Technologies during the first quarter valued at $25,000. MorganRosel Wealth Management LLC acquired a new position in shares of Roper Technologies during the first quarter valued at $27,000. Putney Financial Group LLC acquired a new position in shares of Roper Technologies during the fourth quarter valued at $31,000. Finally, Olde Wealth Management LLC acquired a new stake in Roper Technologies in the first quarter worth about $31,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Activity at Roper Technologies

In other 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 completion of the sale, the director directly owned 20,510 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Down 1.0%

NASDAQ:ROP traded down $5.26 on Tuesday, hitting $504.38. 227,619 shares of the company's stock traded hands, compared to its average volume of 652,403. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. Roper Technologies, Inc. has a 1 year low of $499.00 and a 1 year high of $595.17. The firm has a 50-day moving average price of $532.26 and a 200-day moving average price of $554.14. The company has a market cap of $54.28 billion, a PE ratio of 35.47, a price-to-earnings-growth ratio of 2.37 and a beta of 1.03.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released 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 return on equity of 10.83% and a net margin of 20.62%.During the same quarter in the previous year, the firm posted $4.48 EPS. The company'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. Equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS 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. Shareholders of record on Friday, October 3rd will be given 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 presently 23.19%.

Analyst Ratings Changes

ROP has been the subject of several research analyst reports. Royal Bank Of Canada upped their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Robert W. Baird upped their price objective on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Truist Financial boosted their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Citigroup started coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price target on the stock. One research 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 assigned a Sell rating to the company's stock. According to MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus price target 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.