Gotham Asset Management LLC Trims Stake in Roper Technologies, Inc. $ROP

Key Points

• Gotham Asset Management LLC reduced its stake in Roper Technologies by 15.7%, holding 22,274 shares valued at approximately $13.1 million after selling 4,160 shares in Q1.
• Roper Technologies recently reported a Q2 EPS of $4.87, exceeding analysts' estimates, with a year-over-year revenue increase of 13.2%.
• The company declared a quarterly dividend of $0.825 per share, with an annualized dividend yield of 0.6%, to be paid on October 17th.

Gotham Asset Management LLC lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 15.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,274 shares of the industrial products company's stock after selling 4,160 shares during the quarter. Gotham Asset Management LLC's holdings in Roper Technologies were worth $13,132,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank purchased a new stake in shares of Roper Technologies during the 1st quarter valued at about $25,000. Banque Transatlantique SA purchased a new position in shares of Roper Technologies in the first quarter worth approximately $25,000. MorganRosel Wealth Management LLC purchased a new position in shares of Roper Technologies in the first quarter worth approximately $27,000. Putney Financial Group LLC purchased a new position in shares of Roper Technologies in the fourth quarter worth approximately $31,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Roper Technologies in the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the sale, the director 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the business'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 completion of the sale, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on ROP. Mizuho set a $600.00 price objective on shares of Roper Technologies in a report on Friday, May 16th. Truist Financial raised their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Citigroup began coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective on the stock. Robert W. Baird raised their price objective 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. lifted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $636.36.

Roper Technologies Price Performance

Shares of ROP stock traded down $3.29 during mid-day trading on Friday, hitting $514.09. The company had a trading volume of 204,086 shares, compared to its average volume of 638,559. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The stock's 50 day moving average price is $539.35 and its 200-day moving average price is $558.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market capitalization of $55.32 billion, a P/E ratio of 35.85, a P/E/G ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping the consensus estimate 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 firm earned $4.48 EPS. Roper Technologies'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. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently announced 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 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's payout ratio is 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.