Fulton Bank N.A. Reduces Holdings in Roper Technologies, Inc. $ROP

Key Points

• Fulton Bank N.A. reduced its stake in Roper Technologies by 7.4%, selling 682 shares in Q2, leaving it with 8,510 shares valued at approximately $4.82 million.
• The company reported $4.87 earnings per share for the last quarter, exceeding analysts' expectations, and revenue grew by 13.2% year-over-year.
• Roper Technologies announced a quarterly dividend of $0.825 per share, representing an annualized payout of $3.30 with a yield of 0.6%.

Fulton Bank N.A. lessened its position in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 7.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,510 shares of the industrial products company's stock after selling 682 shares during the period. Fulton Bank N.A.'s holdings in Roper Technologies were worth $4,824,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Endowment Wealth Management Inc. boosted its holdings in shares of Roper Technologies by 3.4% during the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock worth $327,000 after buying an additional 18 shares in the last quarter. Fiduciary Alliance LLC raised its position in Roper Technologies by 0.8% during the second quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company's stock valued at $1,329,000 after purchasing an additional 18 shares during the period. Meridian Financial Partners LLC increased its holdings in shares of Roper Technologies by 0.9% in the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock valued at $1,221,000 after acquiring an additional 19 shares during the period. My Legacy Advisors LLC raised its stake in shares of Roper Technologies by 1.5% during the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after buying an additional 19 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV increased its stake in Roper Technologies by 2.7% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after buying an additional 20 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on ROP. Truist Financial increased their target price on 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 boosted their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Citigroup started coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price target for the company. Robert W. Baird lifted their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $636.36.

Roper Technologies Trading Down 0.9%

ROP stock traded down $4.39 on Friday, reaching $504.62. The company's stock had a trading volume of 1,437,865 shares, compared to its average volume of 786,674. The business has a fifty day simple moving average of $533.03 and a two-hundred day simple moving average of $554.92. The firm has a market cap of $54.30 billion, a PE ratio of 35.46, a PEG ratio of 2.37 and a beta of 1.03. Roper Technologies, Inc. has a 12-month low of $499.00 and a 12-month high of $595.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its quarterly 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%.The firm's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.48 EPS. 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, research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

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

Insider Buying and Selling at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value 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. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the director directly owned 20,510 shares of the company's stock, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

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.