Intech Investment Management LLC Sells 3,611 Shares of Roper Technologies, Inc. $ROP

Key Points

• Intech Investment Management LLC reduced its stake in Roper Technologies by 20%, selling 3,611 shares and now holding 14,471 shares valued at approximately $8.53 million.
• Roper Technologies reported a 12% year-over-year increase in revenue during its last quarterly earnings, with earnings per share beating analysts' expectations.
• The company declared a quarterly dividend of $0.825 per share, representing an annualized dividend yield of 0.6% and a payout ratio of 23.19%.

Intech Investment Management LLC lowered its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 20.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,471 shares of the industrial products company's stock after selling 3,611 shares during the period. Intech Investment Management LLC's holdings in Roper Technologies were worth $8,532,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock valued at $6,318,678,000 after acquiring an additional 142,150 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake 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 valued at $3,515,984,000 after purchasing an additional 500,764 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Roper Technologies by 0.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company's stock valued at $3,049,155,000 after purchasing an additional 20,238 shares during the last quarter. Nuveen LLC acquired a new position in shares of Roper Technologies during the 1st quarter worth $894,764,000. Finally, Wellington Management Group LLP lifted its position in shares of Roper Technologies by 92.3% during 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. Institutional investors own 93.31% of the company's stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, 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 value of $846,255.00. Following the sale, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were 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 in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Roper Technologies Trading Down 1.2%

NYSE:ROP opened at $513.23 on Thursday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. 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 has a market capitalization of $55.23 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 2.77 and a beta of 1.03. The firm has a fifty day simple moving average of $540.46 and a two-hundred day simple moving average of $558.68.

Roper Technologies (NYSE:ROP - Get Free Report) last released 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 net margin of 22.01% and a return on equity of 10.79%. Roper Technologies's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $4.48 EPS. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be issued 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%.

Wall Street Analyst Weigh In

ROP has been the subject of several research analyst reports. Citigroup assumed coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They set a "buy" rating and a $626.00 price target for the company. Truist Financial boosted their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective 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. Robert W. Baird boosted their target price 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, Royal Bank Of Canada upped their price target 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently 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.

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