Ethic Inc. Has $7.49 Million Holdings in Roper Technologies, Inc. $ROP

Key Points

• Ethic Inc. increased its stake in Roper Technologies by 6.1% during the first quarter, holding a total of 12,682 shares worth $7.49 million.
• Other institutional investors have significantly raised their positions, with T. Rowe Price increasing its holdings by 42.2% and GAMMA Investing increasing by an astounding 103,901.5%.
• Roper Technologies announced a quarterly $0.825 dividend, which will be paid to investors of record, representing an annualized yield of 0.6% and a payout ratio of 23.19%.

Ethic Inc. raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,682 shares of the industrial products company's stock after buying an additional 726 shares during the period. Ethic Inc.'s holdings in Roper Technologies were worth $7,492,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in Roper Technologies by 18.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,044 shares of the industrial products company's stock valued at $616,000 after buying an additional 166 shares in the last quarter. Aberdeen Group plc raised its holdings in Roper Technologies by 0.7% during the first quarter. Aberdeen Group plc now owns 30,357 shares of the industrial products company's stock valued at $17,656,000 after buying an additional 215 shares in the last quarter. Horizon Investments LLC raised its holdings in Roper Technologies by 4.0% during the first quarter. Horizon Investments LLC now owns 2,153 shares of the industrial products company's stock valued at $1,268,000 after buying an additional 83 shares in the last quarter. Azimuth Capital Investment Management LLC raised its holdings in Roper Technologies by 2.4% during the first quarter. Azimuth Capital Investment Management LLC now owns 18,663 shares of the industrial products company's stock valued at $11,003,000 after buying an additional 439 shares in the last quarter. Finally, OneAscent Investment Solutions LLC bought a new position in shares of Roper Technologies in the first quarter worth about $879,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Performance

ROP stock traded up $10.8780 during trading on Wednesday, reaching $543.4680. 577,723 shares of the stock were exchanged, compared to its average volume of 620,934. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a market capitalization of $58.48 billion, a P/E ratio of 37.91, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. The stock has a 50 day simple moving average of $553.07 and a 200-day simple moving average 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.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping 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%.During the same quarter in the prior year, the firm earned $4.48 EPS. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. 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, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on ROP. Oppenheimer reiterated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. 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 research note on Tuesday, July 22nd. Citigroup began coverage on Roper Technologies in a research note on Wednesday. They issued a "buy" rating and a $626.00 price objective on the stock. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Stifel Nicolaus dropped their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and an average target price of $636.36.

Insider Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 approximately $21,964,266.44. The trade was a 3.71% 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 link. Also, 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 sale, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by 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.