EP Wealth Advisors LLC Buys 1,108 Shares of Roper Technologies, Inc. $ROP

Key Points

• EP Wealth Advisors LLC increased its stake in Roper Technologies by 149.7%, acquiring an additional 1,108 shares in the 1st quarter, bringing its total holdings to 1,848 shares valued at approximately $1,090,000.
• Several analysts have raised their price targets for Roper Technologies, with Royal Bank of Canada setting a new target at $703.00 and others providing optimistic outlooks, resulting in a consensus rating of "Moderate Buy" and a price target of $636.36.
• Roper Technologies announced a quarterly dividend of $0.825 per share, reflecting a 0.6% yield, with the ex-dividend date set for October 3.

EP Wealth Advisors LLC boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 149.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,848 shares of the industrial products company's stock after buying an additional 1,108 shares during the quarter. EP Wealth Advisors LLC's holdings in Roper Technologies were worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Saudi Central Bank bought a new position in Roper Technologies during the 1st quarter valued at about $25,000. MorganRosel Wealth Management LLC bought a new stake in Roper Technologies in the first quarter worth about $27,000. Putney Financial Group LLC bought a new position in shares of Roper Technologies during the fourth quarter valued at approximately $31,000. Olde Wealth Management LLC purchased a new stake in shares of Roper Technologies in the first quarter worth approximately $31,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Roper Technologies during the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Royal Bank Of Canada upped their price objective on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Mizuho set a $600.00 price target on shares of Roper Technologies in a report on Friday, May 16th. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Truist Financial boosted their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, Citigroup began coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $636.36.

Roper Technologies Price Performance

NYSE ROP opened at $518.44 on Friday. The company has a market cap of $55.79 billion, a PE ratio of 36.15, a P/E/G ratio of 2.77 and a beta of 1.03. The firm's 50 day moving average price is $543.45 and its 200-day moving average price is $559.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The firm's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business 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. Sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed 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. 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 dividend payout ratio (DPR) is presently 23.19%.

Insider Activity

In other news, Director Richard F. Wallman sold 352 shares of Roper Technologies 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 transaction, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John K. Stipancich sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the sale, the vice president directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is 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.

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