Freedom Day Solutions LLC Grows Stake in Roper Technologies, Inc. $ROP

Key Points

• Freedom Day Solutions LLC has increased its stake in Roper Technologies, Inc. by 32.6% in Q2, now owning a total of 4,066 shares valued at $2.3 million.
• Multiple institutional investors have also significantly increased their holdings, with Nuveen LLC acquiring a new stake valued at approximately $894.76 million and Wellington Management Group increasing its stake by 92.3%.
• The stock currently has a consensus rating of "Moderate Buy" with an average price target of $635.27 according to analysts, despite varying opinions reflected in recent rating changes.

Freedom Day Solutions LLC increased its stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 32.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,066 shares of the industrial products company's stock after acquiring an additional 999 shares during the period. Freedom Day Solutions LLC's holdings in Roper Technologies were worth $2,305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. Nuveen LLC bought a new stake in shares of Roper Technologies during the 1st quarter worth approximately $894,764,000. Wellington Management Group LLP lifted its stake in shares of Roper Technologies by 92.3% during the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock worth $826,030,000 after acquiring an additional 672,306 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Roper Technologies by 9.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company's stock worth $3,515,984,000 after acquiring an additional 500,764 shares during the last quarter. Swedbank AB lifted its stake in shares of Roper Technologies by 201.6% during the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company's stock worth $382,908,000 after acquiring an additional 451,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Roper Technologies by 65.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company's stock worth $377,407,000 after acquiring an additional 252,056 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analyst Ratings Changes

ROP has been the subject of a number of research analyst reports. Robert W. Baird raised their price target 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 report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price target for the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of Roper Technologies in a report on Wednesday. Barclays lowered their price target on Roper Technologies from $562.00 to $550.00 and set an "underweight" rating for the company in a report on Wednesday, October 1st. Finally, Truist Financial boosted their price target on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $635.27.

Roper Technologies Stock Performance

Shares of NASDAQ:ROP opened at $518.07 on Friday. The company has a market capitalization of $55.75 billion, a price-to-earnings ratio of 36.41, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00. Roper Technologies, Inc. has a 52 week low of $492.25 and a 52 week high of $595.17. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $519.31 and a 200 day moving average of $548.28.

Roper Technologies (NASDAQ:ROP - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 EPS for the quarter. The company had revenue of $1.88 billion during the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. On average, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a $0.825 dividend. 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 payout ratio is 23.19%.

Insider Buying and Selling

In other news, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction 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 transaction, the vice president directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, the director directly owned 20,510 shares in the company, valued at approximately $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. Insiders own 0.78% of the company's stock.

About Roper Technologies

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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