Cwm LLC Raises Stock Holdings in Roper Technologies, Inc. $ROP

Key Points

• Cwm LLC increased its stake in Roper Technologies by 34.0% during the second quarter, holding 5,102 shares valued at approximately $2.89 million.
• JPMorgan Chase & Co. downgraded Roper Technologies’ target price from $577.00 to $541.00, while Citigroup issued a new "buy" rating with a target price of $626.00.
• The company announced a quarterly dividend of $0.825 per share, yielding 0.7% with a payout ratio of 23.19%.

Cwm LLC grew its stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 34.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,102 shares of the industrial products company's stock after acquiring an additional 1,295 shares during the quarter. Cwm LLC's holdings in Roper Technologies were worth $2,892,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Saudi Central Bank acquired a new position in Roper Technologies in the first quarter valued at $25,000. Banque Transatlantique SA acquired a new position in Roper Technologies in the first quarter valued at $25,000. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies in the first quarter valued at $27,000. Olde Wealth Management LLC acquired a new position in Roper Technologies in the first quarter valued at $31,000. Finally, Wayfinding Financial LLC acquired a new position in Roper Technologies in the first quarter valued at $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROP has been the subject of several analyst reports. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $541.00 target price (down from $577.00) on shares of Roper Technologies in a research note on Wednesday. Citigroup initiated coverage on Roper Technologies in a research note on Wednesday, August 20th. They issued a "buy" rating and a $626.00 target price for the company. Weiss Ratings restated a "hold (c+)" rating on shares of Roper Technologies in a research note on Wednesday, October 8th. Robert W. Baird upped their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Mizuho dropped their price target on Roper Technologies from $600.00 to $510.00 and set a "neutral" rating for the company in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $623.82.

Insider Activity

In other news, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction dated 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 sale, the vice president owned 38,932 shares of the company's stock, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares of the company's stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

Roper Technologies Stock Performance

Shares of NASDAQ:ROP opened at $504.52 on Friday. Roper Technologies, Inc. has a 12 month low of $492.25 and a 12 month high of $595.17. The business has a 50-day moving average of $515.32 and a two-hundred day moving average of $544.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43. The firm has a market capitalization of $54.29 billion, a PE ratio of 35.45, a P/E/G ratio of 2.34 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.The company had revenue of $1.88 billion during the quarter. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. As a group, research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.7%. Roper Technologies's dividend payout ratio is presently 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.

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