Roper Technologies, Inc. $ROP Shares Sold by First Manhattan CO. LLC.

Key Points

• First Manhattan CO. LLC. reduced its stake in Roper Technologies, Inc. by 12.0%, now owning 5,316 shares valued at approximately $3.13 million.
• Various institutional investors are actively trading Roper Technologies, with notable increases including Tandem Investment Advisors Inc.'s 49.9% boost in holdings.
• Roper Technologies reported a quarterly earnings per share of $4.87, exceeding expectations, with a year-over-year revenue increase of 13.2%.

First Manhattan CO. LLC. lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,316 shares of the industrial products company's stock after selling 725 shares during the period. First Manhattan CO. LLC.'s holdings in Roper Technologies were worth $3,134,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Capital Investment Counsel LLC raised its position in shares of Roper Technologies by 1.7% in the first quarter. Capital Investment Counsel LLC now owns 12,916 shares of the industrial products company's stock valued at $7,615,000 after buying an additional 222 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Roper Technologies in the first quarter valued at about $272,000. Beck Mack & Oliver LLC raised its position in shares of Roper Technologies by 3.7% in the first quarter. Beck Mack & Oliver LLC now owns 223,779 shares of the industrial products company's stock valued at $131,936,000 after buying an additional 7,965 shares during the last quarter. ICW Investment Advisors LLC raised its position in shares of Roper Technologies by 2.1% in the first quarter. ICW Investment Advisors LLC now owns 1,476 shares of the industrial products company's stock valued at $870,000 after buying an additional 31 shares during the last quarter. Finally, MAI Capital Management raised its position in shares of Roper Technologies by 3.9% in the first quarter. MAI Capital Management now owns 8,506 shares of the industrial products company's stock valued at $5,015,000 after buying an additional 321 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROP has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 target price for the company. Robert W. Baird upped their price objective on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Truist Financial upped their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Royal Bank Of Canada upped their price objective 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, Mizuho set a $600.00 target price on shares of Roper Technologies in a research note on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $636.36.

Roper Technologies Stock Down 1.6%

Roper Technologies stock traded down $8.68 during trading on Friday, reaching $518.44. The stock had a trading volume of 700,577 shares, compared to its average volume of 632,690. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The business has a 50 day moving average price of $543.45 and a 200 day moving average price of $559.77. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock 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.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (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%. During the same period in the prior year, the company earned $4.48 earnings per share. The firm's revenue 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. On average, analysts predict that Roper Technologies, Inc. will post 19.96 EPS 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. 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 Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the firm's 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 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 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 the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares of the company's stock, valued at approximately $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. 0.78% of the stock is currently owned by company 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.