Inspire Investing LLC Cuts Position in Roper Technologies, Inc. $ROP

Key Points

• Inspire Investing LLC reduced its stake in Roper Technologies, Inc. by 13.1%, owning 10,290 shares valued at approximately $6.07 million after selling 1,549 shares.
• Roper Technologies reported a 13.2% increase in revenue year-over-year, with earnings per share of $4.87, surpassing analysts' expectations.
• The company has recently announced a quarterly dividend of $0.825 per share, reflecting an annualized rate of $3.30 and a yield of 0.6%.

Inspire Investing LLC trimmed its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 13.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,290 shares of the industrial products company's stock after selling 1,549 shares during the quarter. Roper Technologies accounts for approximately 0.7% of Inspire Investing LLC's portfolio, making the stock its 21st largest holding. Inspire Investing LLC's holdings in Roper Technologies were worth $6,067,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Saudi Central Bank purchased a new position in shares of Roper Technologies in the 1st quarter worth about $25,000. Banque Transatlantique SA purchased a new position in shares of Roper Technologies in the 1st quarter worth about $25,000. MorganRosel Wealth Management LLC purchased a new position in shares of Roper Technologies in the 1st quarter worth about $27,000. Putney Financial Group LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $31,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Roper Technologies in the first quarter valued at about $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $517.38 on Friday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The business has a 50 day moving average price of $539.35 and a two-hundred day moving average price of $558.27. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $55.68 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the firm posted $4.48 earnings per share. The company'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. Sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently disclosed 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. 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 (DPR) is 23.19%.

Insider Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction that occurred 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 trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value 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. 0.78% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. Royal Bank Of Canada increased their target price on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Citigroup assumed coverage on Roper Technologies in a research note on Wednesday, August 20th. They issued a "buy" rating and a $626.00 target price for the company. JPMorgan Chase & Co. increased their target price on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Truist Financial increased their target price 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 assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $636.36.

Roper Technologies Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.