Clear Harbor Asset Management LLC Has $115.01 Million Stake in Roper Technologies, Inc. $ROP

Key Points

• Clear Harbor Asset Management LLC has reduced its stake in Roper Technologies, Inc. by 4.7%, owning 202,898 shares valued at approximately $115 million, making it the largest position in their portfolio.
• Various institutional investors have made incremental adjustments to their holdings in Roper Technologies, with the company now being approximately 93.31% owned by institutional investors.
• Analysts have raised their price targets for Roper Technologies, with current expectations set between $577.00 and $703.00, reflecting a generally positive outlook for the stock.

Clear Harbor Asset Management LLC decreased its position in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,898 shares of the industrial products company's stock after selling 10,092 shares during the quarter. Roper Technologies comprises 8.6% of Clear Harbor Asset Management LLC's holdings, making the stock its largest holding. Clear Harbor Asset Management LLC owned 0.19% of Roper Technologies worth $115,011,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Saudi Central Bank purchased a new position in shares of Roper Technologies in the 1st quarter valued at approximately $25,000. Banque Transatlantique SA purchased a new position in shares of Roper Technologies in the first quarter valued at about $25,000. MorganRosel Wealth Management LLC purchased a new position in shares of Roper Technologies in the first quarter valued at about $27,000. Putney Financial Group LLC purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $31,000. Finally, Olde Wealth Management LLC purchased a new stake in Roper Technologies during the first quarter valued at approximately $31,000. Hedge funds and other institutional investors 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 shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the transaction, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 1,500 shares of the 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 completion of the sale, the vice president owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ROP. Truist Financial increased their price objective on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Citigroup initiated coverage on Roper Technologies in a report on Wednesday, August 20th. They set a "buy" rating and a $626.00 price objective for the company. Robert W. Baird lifted their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price target on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Royal Bank Of Canada lifted their price target on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and an average price target of $636.36.

Roper Technologies Stock Performance

Shares of NASDAQ ROP traded up $5.01 during midday trading on Monday, reaching $509.63. 665,240 shares of the company were exchanged, compared to its average volume of 824,884. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The stock has a market cap of $54.84 billion, a P/E ratio of 35.81, a PEG ratio of 2.37 and a beta of 1.03. Roper Technologies, Inc. has a 1 year low of $499.00 and a 1 year high of $595.17. The stock has a fifty day simple moving average of $532.26 and a 200 day simple moving average of $554.14.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted 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 20.62% and a return on equity of 10.83%. During the same quarter in the prior year, the business posted $4.48 earnings per share. The business's revenue was up 13.2% compared to the same quarter last year. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. On average, research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given 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 currently 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.