Elevate Capital Advisors LLC Raises Stake in Roper Technologies, Inc. $ROP

Key Points

• Elevate Capital Advisors LLC increased its stake in Roper Technologies by 20.6%, owning 3,636 shares valued at approximately $2,061,000.
• Several research firms set target prices for Roper Technologies, with Citigroup establishing a target of $626.00 and Robert W. Baird raising theirs to $687.00, indicating a consensus rating of "Moderate Buy".
• Roper Technologies announced a quarterly dividend of $0.825 per share, with a payout date on October 17, resulting in an annualized dividend yield of 0.7%.

Elevate Capital Advisors LLC raised its stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 20.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,636 shares of the industrial products company's stock after buying an additional 621 shares during the quarter. Roper Technologies makes up approximately 1.6% of Elevate Capital Advisors LLC's investment portfolio, making the stock its 29th largest position. Elevate Capital Advisors LLC's holdings in Roper Technologies were worth $2,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ROP. Saudi Central Bank purchased a new position in shares of Roper Technologies during the 1st quarter worth $25,000. Banque Transatlantique SA purchased a new position in shares of Roper Technologies during the 1st quarter worth $25,000. MorganRosel Wealth Management LLC purchased a new position in shares of Roper Technologies during the 1st quarter worth $27,000. Olde Wealth Management LLC purchased a new position in shares of Roper Technologies during the 1st quarter worth $31,000. Finally, Wayfinding Financial LLC acquired a new position in Roper Technologies during the 1st quarter worth about $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ROP. Citigroup began coverage on Roper Technologies in a research note on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price on the stock. Robert W. Baird increased their target price on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. increased their target price on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada increased their target price on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Truist Financial increased their target price on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $635.27.

Roper Technologies Price Performance

Shares of NASDAQ ROP opened at $499.95 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. Roper Technologies, Inc. has a fifty-two week low of $492.25 and a fifty-two week high of $595.17. The firm has a market capitalization of $53.80 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00. The stock's 50-day simple moving average is $522.70 and its 200-day simple moving average is $549.98.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its quarterly 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 10.83% and a net margin of 20.62%.The business's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business earned $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. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.7%. Roper Technologies's dividend payout ratio is 23.19%.

Insider Activity

In other news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction dated 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 sale, the vice president owned 38,932 shares in the company, valued at approximately $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 accessible through this link. Also, Director Richard F. Wallman sold 352 shares of the 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 owned 20,510 shares of the company's stock, valued at $11,408,687.50. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate 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.

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