Farther Finance Advisors LLC Grows Stock Position in Roper Technologies, Inc. $ROP

Key Points

• Farther Finance Advisors LLC increased its stake in Roper Technologies by 42.4%, acquiring an additional 1,393 shares during the second quarter, bringing its total holdings to 4,679 shares valued at approximately $2.65 million.
• Roper Technologies reported earnings of $4.87 per share for the last quarter, surpassing analyst estimates and reflecting a 13.2% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.825 per share, set to be paid on October 17th, with a current dividend yield of 0.7%.

Farther Finance Advisors LLC lifted its position in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 42.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,679 shares of the industrial products company's stock after purchasing an additional 1,393 shares during the period. Farther Finance Advisors LLC's holdings in Roper Technologies were worth $2,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Saudi Central Bank bought a new position in Roper Technologies during the first quarter valued at $25,000. Banque Transatlantique SA purchased a new stake in shares of Roper Technologies during the 1st quarter valued at about $25,000. MorganRosel Wealth Management LLC bought a new position in shares of Roper Technologies during the first quarter valued at approximately $27,000. Putney Financial Group LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth $31,000. Finally, Olde Wealth Management LLC acquired a new position in shares of Roper Technologies in the first quarter worth about $31,000. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ROP shares. JPMorgan Chase & Co. raised 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. Royal Bank Of Canada boosted their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Truist Financial upped their target price on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Citigroup initiated coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price on the stock. Finally, Robert W. Baird increased their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and an average target price of $636.36.

Insider Activity at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the transaction, the vice president owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard F. Wallman sold 352 shares of the business's 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 in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Price Performance

NASDAQ ROP traded up $5.01 during trading on Monday, reaching $509.63. The company's stock had a trading volume of 665,240 shares, compared to its average volume of 824,884. Roper Technologies, Inc. has a one year low of $499.00 and a one year high of $595.17. 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 fifty day moving average of $532.26 and a 200 day moving average of $554.14. The stock has a market capitalization of $54.84 billion, a PE ratio of 35.81, a P/E/G ratio of 2.37 and a beta of 1.03.

Roper Technologies (NASDAQ: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, beating 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%.During the same quarter in the prior year, the firm earned $4.48 EPS. The firm'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. Analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

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 issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's dividend payout ratio is currently 23.19%.

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.