Cooper Investors PTY Ltd. Sells 4,292 Shares of Roper Technologies, Inc. $ROP

Key Points

• Cooper Investors PTY Ltd. reduced its stake in Roper Technologies, Inc. by 23.4%, selling 4,292 shares and now holding 14,048 shares worth approximately $7.96 million.
• Roper Technologies announced a quarterly dividend of $0.825, with payment set for October 17th, representing a 0.6% yield based on its current stock price.
• Analysts have generally rated Roper Technologies positively, with a consensus target price of $636.36 and eight buy ratings from various investment firms.

Cooper Investors PTY Ltd. lowered its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 23.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,048 shares of the industrial products company's stock after selling 4,292 shares during the quarter. Roper Technologies accounts for 1.4% of Cooper Investors PTY Ltd.'s investment portfolio, making the stock its 26th largest holding. Cooper Investors PTY Ltd.'s holdings in Roper Technologies were worth $7,963,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at about $203,000. Lazard Asset Management LLC grew its position in Roper Technologies by 48.0% in the 4th quarter. Lazard Asset Management LLC now owns 148 shares of the industrial products company's stock worth $76,000 after purchasing an additional 48 shares in the last quarter. Vident Advisory LLC increased its stake in Roper Technologies by 37.9% in the 4th quarter. Vident Advisory LLC now owns 3,778 shares of the industrial products company's stock valued at $1,964,000 after buying an additional 1,039 shares during the last quarter. Waverly Advisors LLC lifted its position in shares of Roper Technologies by 67.2% during the 4th quarter. Waverly Advisors LLC now owns 4,015 shares of the industrial products company's stock worth $2,087,000 after buying an additional 1,613 shares in the last quarter. Finally, First Heartland Consultants Inc. boosted its stake in shares of Roper Technologies by 16.3% in the 4th quarter. First Heartland Consultants Inc. now owns 664 shares of the industrial products company's stock worth $345,000 after buying an additional 93 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of research analyst reports. Robert W. Baird increased their price target on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Citigroup started coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Truist Financial increased their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $636.36.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the sale, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction that occurred on 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 owned 38,932 shares of the company's stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

Roper Technologies Stock Performance

Shares of ROP stock opened at $509.01 on Friday. Roper Technologies, Inc. has a 12 month low of $499.00 and a 12 month high of $595.17. The stock has a market capitalization of $54.77 billion, a P/E ratio of 35.77, a PEG ratio of 2.39 and a beta of 1.03. 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 firm's 50 day moving average is $533.89 and its 200 day moving average is $555.74.

Roper Technologies (NASDAQ: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, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.During the same quarter in the prior year, the company earned $4.48 EPS. The company's revenue for the quarter was up 13.2% on a year-over-year basis. 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, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

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

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