HighTower Advisors LLC Has $22.52 Million Stock Position in Roper Technologies, Inc. $ROP

Key Points

• HighTower Advisors LLC increased its holdings in Roper Technologies by 7.3%, owning 38,189 shares valued at approximately $22.5 million after purchasing an additional 2,613 shares in the first quarter.
• Roper Technologies reported earnings of $4.87 EPS for the recent quarter, surpassing expectations by $0.04, and showed a year-over-year revenue increase of 13.2%.
• The company announced a quarterly dividend of $0.825 per share, reflecting an annualized dividend of $3.30 with a yield of 0.6% and a payout ratio of 23.19%.

HighTower Advisors LLC boosted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,189 shares of the industrial products company's stock after acquiring an additional 2,613 shares during the quarter. HighTower Advisors LLC's holdings in Roper Technologies were worth $22,515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new stake in Roper Technologies during the 1st quarter valued at $27,000. Putney Financial Group LLC bought a new position in shares of Roper Technologies during the 4th quarter valued at approximately $31,000. Olde Wealth Management LLC purchased a new position in Roper Technologies during the first quarter worth $31,000. Wayfinding Financial LLC purchased a new stake in shares of Roper Technologies in the first quarter valued at $31,000. Finally, Alpine Bank Wealth Management bought a new position in Roper Technologies during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Up 1.7%

Roper Technologies stock traded up $8.96 during midday trading on Wednesday, hitting $541.55. 490,020 shares of the company were exchanged, compared to its average volume of 620,003. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a market cap of $58.28 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. 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's fifty day moving average price is $553.07 and its 200-day moving average price is $564.14.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its 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 10.79% and a net margin of 22.01%.During the same quarter in the prior year, the firm earned $4.48 earnings per share. The firm'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. On average, research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend 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%.

Insider Transactions at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction dated 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 owned 38,932 shares of the company's stock, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, 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. 0.78% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada boosted their target price 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. William Blair assumed coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. Raymond James Financial reiterated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Oppenheimer reissued an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. One investment 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 given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $636.36.

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.