Chevy Chase Trust Holdings LLC Sells 2,093 Shares of Roper Technologies, Inc. $ROP

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in Roper Technologies by 1.3%, selling 2,093 shares, and now owns approximately 161,473 shares valued at $91.5 million.
• Roper Technologies reported $4.81 earnings per share (EPS) for the last quarter with a net margin of 20.62%, and has set FY 2025 EPS guidance at 19.750-20.000.
• The company declared a quarterly dividend of $0.825 per share, with an annualized yield of 0.7%, to be paid on October 17th to investors of record on October 3rd.

Chevy Chase Trust Holdings LLC reduced its holdings in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 161,473 shares of the industrial products company's stock after selling 2,093 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.15% of Roper Technologies worth $91,529,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ROP. Nuveen LLC bought a new stake in Roper Technologies in the 1st quarter valued at $894,764,000. Wellington Management Group LLP boosted its holdings 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 purchasing an additional 672,306 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings 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 purchasing an additional 500,764 shares during the period. Swedbank AB boosted its holdings in Roper Technologies by 201.6% in the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company's stock valued at $382,908,000 after purchasing an additional 451,549 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Roper Technologies by 65.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company's stock valued at $377,407,000 after purchasing an additional 252,056 shares during the period. 93.31% of the stock is owned by institutional investors.

Roper Technologies Price Performance

NASDAQ:ROP opened at $500.08 on Friday. The company has a market capitalization of $53.81 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 2.34 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. The company has a 50-day moving average of $515.92 and a 200-day moving average of $545.58. Roper Technologies, Inc. has a 52 week low of $492.25 and a 52 week high of $595.17.

Roper Technologies (NASDAQ:ROP - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share (EPS) for the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. The firm had revenue of $1.88 billion during the quarter. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors 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 yield of 0.7%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is currently 23.19%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ROP shares. Royal Bank Of Canada increased their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Weiss Ratings reissued a "hold (c+)" rating on shares of Roper Technologies in a report on Wednesday, October 8th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $541.00 price target (down from $577.00) on shares of Roper Technologies in a report on Wednesday. Truist Financial raised their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, Citigroup began coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They set a "buy" rating and a $626.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $632.00.

Insider Activity

In related news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, the director directly owned 20,510 shares of the company's stock, valued at $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

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.

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