Integrated Wealth Concepts LLC Raises Holdings in Roper Technologies, Inc. $ROP

Key Points

• Integrated Wealth Concepts LLC increased its stake in Roper Technologies, Inc. by 12.0%, owning 11,117 shares worth $6.55 million after acquiring an additional 1,188 shares in the first quarter.
• Analysts have set a price target for Roper Technologies, with estimates ranging from $600.00 to $687.00, highlighting an overall rating of "Moderate Buy" based on multiple brokerage reports.
• Roper Technologies recently announced a quarterly dividend of $0.825 per share, representing an annualized yield of 0.6%, with the dividend payout ratio currently at 23.19%.

Integrated Wealth Concepts LLC raised its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 12.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,117 shares of the industrial products company's stock after buying an additional 1,188 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Roper Technologies were worth $6,554,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Saudi Central Bank bought a new stake in shares of Roper Technologies in the first quarter valued at $25,000. Banque Transatlantique SA bought a new stake in shares of Roper Technologies during the 1st quarter valued at $25,000. MorganRosel Wealth Management LLC bought a new stake in shares of Roper Technologies during the 1st quarter valued at $27,000. Putney Financial Group LLC bought a new stake in shares of Roper Technologies during the 4th quarter valued at $31,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Roper Technologies during the 1st quarter valued at $31,000. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ROP shares. Truist Financial boosted 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. Royal Bank Of Canada boosted their price objective 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 began coverage on Roper Technologies in a research note on Wednesday, August 20th. They issued a "buy" rating and a $626.00 target price on the stock. JPMorgan Chase & Co. upped 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. Finally, Robert W. Baird upped their target price on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" 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 given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $636.36.

Insider Activity

In related news, Director Richard F. Wallman sold 352 shares of the stock in a transaction dated 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 sale, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John K. Stipancich sold 1,500 shares of the 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 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 disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

Roper Technologies Price Performance

Shares of ROP traded down $5.07 during midday trading on Friday, reaching $512.31. The stock had a trading volume of 215,073 shares, compared to its average volume of 638,806. The company's 50-day moving average is $539.35 and its 200 day moving average is $558.27. 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 company has a market capitalization of $55.13 billion, a price-to-earnings ratio of 35.70, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company posted $4.48 earnings per share. Roper Technologies'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. 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. Investors of record on Friday, October 3rd will be issued 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 dividend payout ratio is currently 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.