Hamilton Point Investment Advisors LLC Sells 585 Shares of Roper Technologies, Inc. $ROP

Key Points

• Hamilton Point Investment Advisors LLC has reduced its stake in Roper Technologies, Inc. by 5.0%, selling 585 shares, totaling their holdings to 11,013 shares worth $6,243,000.
• Recent insider trades include VP John K. Stipancich selling 1,500 shares for $846,255 and Director Richard F. Wallman selling 352 shares for $195,800, indicating a slight decrease in their respective positions.
• Analysts have varied opinions on Roper Technologies, with price targets ranging from $577.00 to $703.00, while the average rating is a "Moderate Buy" with a price target of $635.27.

Hamilton Point Investment Advisors LLC decreased its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,013 shares of the industrial products company's stock after selling 585 shares during the quarter. Hamilton Point Investment Advisors LLC's holdings in Roper Technologies were worth $6,243,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Saudi Central Bank acquired a new position in shares of Roper Technologies during the first quarter valued at about $25,000. Banque Transatlantique SA bought a new stake in Roper Technologies during the 1st quarter worth approximately $25,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Roper Technologies in the first quarter worth approximately $27,000. Olde Wealth Management LLC bought a new position in shares of Roper Technologies in the first quarter valued at approximately $31,000. Finally, Wayfinding Financial LLC purchased a new position in shares of Roper Technologies during the first quarter valued at approximately $31,000. 93.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP John K. Stipancich sold 1,500 shares of the business'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 value of $846,255.00. Following the completion of the sale, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, the director directly owned 20,510 shares in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ROP has been the topic of a number of analyst reports. Robert W. Baird lifted 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. Royal Bank Of Canada increased their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Roper Technologies in a report on Wednesday, October 8th. Finally, Truist Financial upped their price objective on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $635.27.

Roper Technologies Stock Up 0.7%

ROP stock opened at $512.73 on Tuesday. Roper Technologies, Inc. has a twelve month low of $492.25 and a twelve month high of $595.17. The firm has a market capitalization of $55.17 billion, a PE ratio of 36.03, a PEG ratio of 2.39 and a beta of 1.00. 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 stock has a 50-day simple moving average of $517.98 and a two-hundred day simple moving average of $546.75.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share (EPS) for the quarter. The business had revenue of $1.88 billion for 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, equities analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

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