Corient IA LLC Takes $814,000 Position in Roper Technologies, Inc. $ROP

Key Points

• Corient IA LLC has acquired a new stake in Roper Technologies valued at approximately $814,000, purchasing 1,380 shares as reported in their Form 13F filing.
• Roper Technologies recently reported earnings of $4.87 per share, surpassing analysts' expectations, with a year-over-year revenue increase of 13.2%.
• The company declared a quarterly dividend of $0.825 per share, set to be paid on October 17th, representing an annualized yield of 0.6%.

Corient IA LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,380 shares of the industrial products company's stock, valued at approximately $814,000.

Several other hedge funds have also recently added to or reduced their stakes in ROP. Endowment Wealth Management Inc. raised its position in Roper Technologies by 3.4% in the first quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock valued at $327,000 after purchasing an additional 18 shares during the last quarter. Meridian Financial Partners LLC raised its position in Roper Technologies by 0.9% in the first quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock valued at $1,221,000 after purchasing an additional 19 shares during the last quarter. My Legacy Advisors LLC raised its position in Roper Technologies by 1.5% in the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after purchasing an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV raised its position in Roper Technologies by 2.7% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after purchasing an additional 20 shares during the last quarter. Finally, Tritonpoint Wealth LLC raised its position in Roper Technologies by 2.7% in the first quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock valued at $448,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ROP shares. JPMorgan Chase & Co. increased their target price on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Truist Financial raised their price objective on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Citigroup started coverage on Roper Technologies in a research report on Wednesday. They set a "buy" rating and a $626.00 price objective for the company. Oppenheimer restated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. 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 research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $636.36.

Roper Technologies Trading Up 1.5%

NYSE ROP traded up $7.93 during trading hours on Wednesday, hitting $540.52. 1,337,522 shares of the company's stock were exchanged, compared to its average volume of 625,752. The stock has a 50-day simple moving average of $553.07 and a 200 day simple moving average of $564.14. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The firm has a market cap of $58.17 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.77 and a beta of 0.99. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS 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%.During the same quarter in the previous year, the company earned $4.48 earnings per share. The firm's revenue 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, equities analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

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

Insider Buying and Selling

In other 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 value of $846,255.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the firm's 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 owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

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.