Cresset Asset Management LLC Has $6.56 Million Stock Holdings in Roper Technologies, Inc. $ROP

Key Points

• Cresset Asset Management LLC increased its holdings in Roper Technologies, Inc. by 43.3% in the 1st quarter, owning a total of 11,120 shares valued at approximately $6.56 million.
• Roper Technologies reported $4.87 earnings per share for its most recent quarter, exceeding analysts' estimates by $0.04, and achieved a 13.2% increase in revenue year-over-year.
• The company recently announced a quarterly dividend of $0.825 per share, representing an annualized yield of 0.6%, with the next payment scheduled for October 17th.

Cresset Asset Management LLC boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 43.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,120 shares of the industrial products company's stock after buying an additional 3,358 shares during the quarter. Cresset Asset Management LLC's holdings in Roper Technologies were worth $6,556,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ROP. Endowment Wealth Management Inc. grew its holdings in Roper Technologies by 3.4% in the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock valued at $327,000 after buying an additional 18 shares during the last quarter. Meridian Financial Partners LLC grew its holdings in Roper Technologies by 0.9% in the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock valued at $1,221,000 after buying an additional 19 shares during the last quarter. My Legacy Advisors LLC grew its holdings in Roper Technologies by 1.5% in the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after buying an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV grew its holdings in Roper Technologies by 2.7% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after buying an additional 20 shares during the last quarter. Finally, Tritonpoint Wealth LLC grew its holdings in Roper Technologies by 2.7% in the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock valued at $448,000 after buying an additional 20 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

ROP stock traded up $7.93 during trading on Wednesday, hitting $540.52. The company had a trading volume of 1,337,522 shares, compared to its average volume of 625,752. The company has a fifty day moving average price of $553.07 and a two-hundred day moving average price of $564.14. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market cap of $58.17 billion, a P/E ratio of 37.69, a P/E/G ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating 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 revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $4.48 EPS. 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 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 $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies's payout ratio is currently 23.19%.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the business'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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction 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 completion of the transaction, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Truist Financial lifted their price objective on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Robert W. Baird lifted 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. Royal Bank Of Canada lifted their price objective on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Citigroup assumed coverage on Roper Technologies in a report on Wednesday. They set a "buy" rating and a $626.00 price objective on the stock. Finally, William Blair started coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $636.36.

Roper Technologies Company 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.