Fenimore Asset Management Inc Grows Stake in Roper Technologies, Inc. $ROP

Key Points

• Fenimore Asset Management Inc increased its stake in Roper Technologies by 4.2%, owning a total of 48,994 shares worth approximately $27.77 million as of its last SEC filing.
• Roper Technologies reported quarterly earnings of $4.87 per share, exceeding analysts' expectations, and showcased a year-over-year revenue increase of 13.2%.
• The company announced a quarterly dividend of $0.825 per share, which will be distributed on October 17th, representing an annual yield of 0.7%.

Fenimore Asset Management Inc raised its position in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,994 shares of the industrial products company's stock after purchasing an additional 1,976 shares during the quarter. Fenimore Asset Management Inc's holdings in Roper Technologies were worth $27,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CWA Asset Management Group LLC increased its holdings in Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after acquiring an additional 61 shares in the last quarter. Freedom Day Solutions LLC bought a new position in shares of Roper Technologies in the first quarter worth approximately $1,808,000. Tandem Investment Advisors Inc. increased its stake in shares of Roper Technologies by 49.9% in the first quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock worth $57,914,000 after purchasing an additional 32,694 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Roper Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock valued at $1,115,000 after purchasing an additional 819 shares during the period. Finally, Legacy Advisors LLC purchased a new position in shares of Roper Technologies during the 1st quarter valued at $264,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

ROP stock opened at $499.95 on Monday. Roper Technologies, Inc. has a 12 month low of $492.25 and a 12 month high of $595.17. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $522.70 and a 200 day moving average price of $549.61. The stock has a market cap of $53.80 billion, a PE ratio of 35.13, a P/E/G ratio of 2.35 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its quarterly earnings data 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 net margin of 20.62% and a return on equity of 10.83%. During the same period last year, the company posted $4.48 EPS. Roper Technologies's quarterly revenue was up 13.2% on a year-over-year basis. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

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

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction 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. This trade represents a 1.69% 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, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction 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. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Robert W. Baird raised their price target on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Citigroup initiated 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 for the company. JPMorgan Chase & Co. raised their price target on 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 raised 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. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Roper Technologies in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $635.27.

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.

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.