Concentric Capital Strategies LP Invests $1.49 Million in Roper Technologies, Inc. $ROP

Key Points

• Concentric Capital Strategies LP acquired 2,532 shares of Roper Technologies, valued at approximately $1.49 million, during the first quarter.
• Roper Technologies reported a strong quarterly EPS of $4.87, exceeding consensus estimates, and announced a quarterly dividend of $0.825, reflecting a dividend yield of 0.6%.
• Wall Street analysts have generally positive outlooks for Roper Technologies, with an average target price of $636.36 and several buy ratings from major financial institutions.

Concentric Capital Strategies LP acquired a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,532 shares of the industrial products company's stock, valued at approximately $1,493,000.

A number of other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC purchased a new stake in shares of Roper Technologies during the fourth quarter worth $203,000. Benjamin Edwards Inc. boosted its stake in Roper Technologies by 2.5% during the fourth quarter. Benjamin Edwards Inc. now owns 1,610 shares of the industrial products company's stock worth $837,000 after buying an additional 39 shares during the period. Caxton Associates LP purchased a new position in Roper Technologies during the fourth quarter worth about $353,000. Captrust Financial Advisors boosted its stake in Roper Technologies by 2.1% during the fourth quarter. Captrust Financial Advisors now owns 9,964 shares of the industrial products company's stock worth $5,180,000 after buying an additional 204 shares during the period. Finally, Centiva Capital LP purchased a new position in Roper Technologies during the fourth quarter worth about $430,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP John K. Stipancich sold 1,500 shares of the company'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 value of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction 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 sale, the director owned 20,510 shares of the company's stock, valued at $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. 0.78% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Truist Financial upped their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Robert W. Baird boosted their target price on 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 target on Roper Technologies in a report on Friday, May 16th. Finally, Citigroup initiated coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 target price on the stock. One research 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $636.36.

Roper Technologies Trading Up 1.0%

NYSE:ROP traded up $4.99 on Monday, reaching $523.43. The company's stock had a trading volume of 1,085,944 shares, compared to its average volume of 635,354. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The firm has a market cap of $56.33 billion, a PE ratio of 36.50, a PEG ratio of 2.77 and a beta of 1.03. The business's 50-day moving average price is $543.45 and its two-hundred day moving average price is $559.62.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.48 earnings per share. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Equities research analysts anticipate 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. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio 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.