Chicago Partners Investment Group LLC raised its position in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 19.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,550 shares of the industrial products company's stock after purchasing an additional 580 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Roper Technologies were worth $1,977,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Saudi Central Bank acquired a new stake in Roper Technologies during the 1st quarter valued at approximately $25,000. MorganRosel Wealth Management LLC acquired a new stake in Roper Technologies during the 1st quarter valued at approximately $27,000. Banque Transatlantique SA acquired a new stake in Roper Technologies during the 1st quarter valued at approximately $25,000. Olde Wealth Management LLC acquired a new stake in Roper Technologies during the 1st quarter valued at approximately $31,000. Finally, Wayfinding Financial LLC acquired a new stake in Roper Technologies during the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 93.31% of the company's stock.
Roper Technologies Price Performance
Shares of ROP opened at $504.52 on Monday. Roper Technologies, Inc. has a 12-month low of $492.25 and a 12-month high of $595.17. The business's fifty day moving average is $515.32 and its 200 day moving average is $544.43. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40. The stock has a market cap of $54.29 billion, a P/E ratio of 35.45, a P/E/G ratio of 2.36 and a beta of 1.00.
Roper Technologies (NASDAQ:ROP - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share (EPS) for the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.The company had revenue of $1.88 billion for 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. Sell-side analysts anticipate 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 was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were paid a dividend of $0.825 per share. The ex-dividend date was Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.7%. Roper Technologies's dividend payout ratio (DPR) is 23.19%.
Insider Buying and Selling at Roper Technologies
In other Roper Technologies 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 transaction of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% 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.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on ROP shares. Barclays reduced their price objective on shares of Roper Technologies from $562.00 to $550.00 and set an "underweight" rating for the company in a research report on Wednesday, October 1st. Robert W. Baird raised their price objective on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada raised their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. 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 research report on Tuesday, July 22nd. Finally, Citigroup started coverage on shares of Roper Technologies in a research 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, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $623.82.
Check Out Our Latest Analysis on ROP
About Roper Technologies
(
Free Report)
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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