Durable Capital Partners LP Trims Stock Holdings in Roper Technologies, Inc. $ROP

Key Points

• Durable Capital Partners LP has reduced its stake in Roper Technologies by 12.0%, now owning 564,799 shares after selling 76,845 shares during the first quarter.
• Roper Technologies reported $4.87 EPS for the last quarter, exceeding analyst expectations of $4.83 EPS and showing a 13.2% revenue increase year-over-year.
• The company has a market cap of $56.64 billion and an average target price of $636.36 from analysts, indicating a moderate buy sentiment.

Durable Capital Partners LP lessened its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 564,799 shares of the industrial products company's stock after selling 76,845 shares during the quarter. Roper Technologies accounts for approximately 3.0% of Durable Capital Partners LP's holdings, making the stock its 14th largest holding. Durable Capital Partners LP owned 0.53% of Roper Technologies worth $332,994,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Saudi Central Bank acquired a new stake in Roper Technologies in the first quarter worth about $25,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Roper Technologies during the first quarter worth about $27,000. Olde Wealth Management LLC acquired a new stake in shares of Roper Technologies during the first quarter worth about $31,000. Wayfinding Financial LLC acquired a new stake in shares of Roper Technologies during the first quarter worth about $31,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Roper Technologies during the first quarter worth about $34,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of research reports. Mizuho set a $600.00 target price on Roper Technologies in a report on Friday, May 16th. Robert W. Baird lifted 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. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Truist Financial boosted their price target on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Finally, Citigroup began coverage on Roper Technologies in a report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $636.36.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded up $2.99 on Thursday, reaching $527.12. The company's stock had a trading volume of 427,997 shares, compared to its average volume of 632,205. The company has a market capitalization of $56.73 billion, a P/E ratio of 36.76, a PEG ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The stock has a 50-day moving average price of $545.11 and a 200-day moving average price of $560.59. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.Roper Technologies's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's payout ratio is presently 23.19%.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares in the company, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

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.