Roper Technologies, Inc. $ROP Shares Sold by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC reduced its holdings in Roper Technologies by 33.4%, selling 22,214 shares and now owning 44,236 shares valued at approximately $26 million.
• Several hedge funds have significantly increased their stakes in Roper Technologies, with Nuveen LLC investing nearly $895 million and GAMMA Investing LLC growing its holdings by over 103,901%.
• Analysts have set various price targets for Roper Technologies, with a consensus target price of $636.36 and a majority recommending a Moderate Buy rating.

Ceredex Value Advisors LLC trimmed its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 33.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,236 shares of the industrial products company's stock after selling 22,214 shares during the quarter. Ceredex Value Advisors LLC's holdings in Roper Technologies were worth $26,081,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROP. Nuveen LLC purchased a new position in Roper Technologies during the first quarter worth approximately $894,764,000. GAMMA Investing LLC increased 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 purchasing an additional 1,113,824 shares in the last quarter. Wellington Management Group LLP increased its position in Roper Technologies by 92.3% during the first quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock worth $826,030,000 after buying an additional 672,306 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Roper Technologies by 9.2% in the first 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 last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Roper Technologies by 23.3% in the first quarter. Pictet Asset Management Holding SA now owns 1,083,549 shares of the industrial products company's stock worth $638,648,000 after acquiring an additional 205,019 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. 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. Mizuho set a $600.00 price objective on Roper Technologies in a report on Friday, May 16th. Royal Bank Of Canada upped their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. 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 objective for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Roper Technologies has an average rating of "Moderate Buy" and an average target price of $636.36.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction dated 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 directly owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This trade 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 company insiders.

Roper Technologies Stock Performance

Shares of ROP stock traded down $0.28 during trading hours on Friday, reaching $526.31. The company had a trading volume of 872,087 shares, compared to its average volume of 632,657. The firm has a market cap of $56.64 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The business has a fifty day moving average price of $548.52 and a 200-day moving average price of $561.96. 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 (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, beating 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%. The company's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.48 EPS. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Sell-side analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's 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.