Roper Technologies, Inc. $ROP Stock Holdings Trimmed by Comerica Bank

Key Points

• Comerica Bank sold 1,738 shares of Roper Technologies, reducing its stake by 4.0%, leaving it with 41,557 shares valued at approximately $24.5 million.
• The company's stock price opened at $536.84, with a market cap of $57.77 billion and a consensus rating of "Moderate Buy" from analysts.
• Roper Technologies announced a quarterly dividend of $0.825 per share, with a payout ratio of 23.19%, to be paid on October 17th.

Comerica Bank decreased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 41,557 shares of the industrial products company's stock after selling 1,738 shares during the period. Comerica Bank's holdings in Roper Technologies were worth $24,501,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ROP. MorganRosel Wealth Management LLC purchased a new stake in shares of Roper Technologies in the first quarter valued at $27,000. Putney Financial Group LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at $31,000. Olde Wealth Management LLC purchased a new stake in shares of Roper Technologies in the first quarter valued at $31,000. Wayfinding Financial LLC purchased a new stake in shares of Roper Technologies in the first quarter valued at $31,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Roper Technologies in the first quarter valued at $34,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ROP shares. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Citigroup initiated coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price on the stock. Royal Bank Of Canada increased their target price on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday, May 16th. Finally, Robert W. Baird raised their price objective on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" 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 assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $636.36.

Insider Buying and Selling

In other Roper Technologies news, 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 completion of the sale, the vice president owned 38,932 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies 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 transaction, the director 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 position. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

Roper Technologies Stock Down 0.1%

Shares of ROP stock traded down $0.28 during trading hours on Friday, reaching $526.31. The company had a trading volume of 871,954 shares, compared to its average volume of 630,987. 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, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a market capitalization of $56.64 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. The stock's fifty day simple moving average is $548.52 and its 200 day simple moving average is $561.96.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its 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 return on equity of 10.79% and a net margin of 22.01%.During the same period last year, the company earned $4.48 earnings per share. The company'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. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is 23.19%.

About Roper Technologies

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.