Guggenheim Capital LLC Sells 7,009 Shares of Roper Technologies, Inc. $ROP

Key Points

• Guggenheim Capital LLC has reduced its stake in Roper Technologies, Inc. by 23.8%, selling 7,009 shares and now holding 22,420 shares worth $13.2 million.
• Roper Technologies reported $4.87 EPS for the last quarter, exceeding estimates, with a 13.2% increase in yearly revenue.
• The company will pay a quarterly dividend of $0.825 on October 17th, translating to an annualized yield of 0.6%.

Guggenheim Capital LLC reduced its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 23.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,420 shares of the industrial products company's stock after selling 7,009 shares during the quarter. Guggenheim Capital LLC's holdings in Roper Technologies were worth $13,218,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ROP. Nuveen LLC bought a new stake in shares of Roper Technologies in the 1st quarter worth approximately $894,764,000. GAMMA Investing LLC grew its position in shares of Roper Technologies by 103,901.5% in the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock worth $657,320,000 after buying an additional 1,113,824 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Roper Technologies by 92.3% in 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 buying an additional 672,306 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Roper Technologies by 9.2% in 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 buying an additional 500,764 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its position in shares of Roper Technologies by 23.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,083,549 shares of the industrial products company's stock worth $638,648,000 after buying an additional 205,019 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Down 1.7%

Roper Technologies stock traded down $9.11 during mid-day trading on Tuesday, hitting $517.21. The company had a trading volume of 139,454 shares, compared to its average volume of 629,466. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock's 50 day moving average price is $547.01 and its two-hundred day moving average price is $561.13. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a market capitalization of $55.66 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.During the same period in the previous year, the company earned $4.48 earnings per share. The firm's revenue for the quarter 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. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio is 23.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup assumed coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective on the stock. Truist Financial lifted their price target on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Mizuho set a $600.00 price target on Roper Technologies in a research report on Friday, May 16th. William Blair assumed coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. Finally, Robert W. Baird lifted their price target on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $636.36.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the company'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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the sale, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. Corporate 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.