J. Safra Sarasin Holding AG Sells 2,217 Shares of Roper Technologies, Inc. $ROP

Key Points

• J. Safra Sarasin Holding AG sold 2,217 shares of Roper Technologies, reducing its stake by 9.1%, which now totals 22,122 shares valued at approximately $12.54 million.
• Institutional investors own 93.31% of Roper Technologies, with major stakeholders such as Nuveen LLC and Wellington Management increasing their positions significantly in the first quarter.
• Roper Technologies reported third-quarter earnings that exceeded expectations, with $4.87 earnings per share, and announced a quarterly dividend of $0.825 per share, reflecting a 0.7% yield.

J. Safra Sarasin Holding AG reduced its position in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 9.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,122 shares of the industrial products company's stock after selling 2,217 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Roper Technologies were worth $12,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of Roper Technologies during the first quarter worth approximately $894,764,000. Wellington Management Group LLP grew its holdings in 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 acquiring an additional 672,306 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Roper Technologies by 9.2% during 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 acquiring an additional 500,764 shares during the last quarter. Swedbank AB boosted its position in shares of Roper Technologies by 201.6% in the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company's stock worth $382,908,000 after purchasing an additional 451,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Roper Technologies by 65.0% during the first quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company's stock worth $377,407,000 after purchasing an additional 252,056 shares during the period. Institutional investors own 93.31% of the company's stock.

Insider Activity at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction 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 sale, the vice president owned 38,932 shares of the company's stock, 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the firm's 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 completion of the transaction, the director directly owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This trade 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.

Analyst Ratings Changes

Several research firms have weighed in on ROP. 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. Truist Financial increased their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Robert W. Baird upped their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Barclays reduced their price target on shares of Roper Technologies from $562.00 to $550.00 and set an "underweight" rating on the stock in a research report on Wednesday. Finally, Royal Bank Of Canada upped their price objective 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 given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $635.27.

Roper Technologies Stock Down 0.1%

Shares of ROP stock opened at $497.59 on Friday. Roper Technologies, Inc. has a 12-month low of $492.25 and a 12-month high of $595.17. 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 firm has a fifty day moving average of $523.96 and a 200-day moving average of $550.51. The company has a market capitalization of $53.55 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 2.34 and a beta of 1.00.

Roper Technologies (NASDAQ: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, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. During the same period last year, the firm posted $4.48 earnings per share. The business'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. As a group, equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared 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 of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.7%. Roper Technologies's dividend payout ratio is 23.19%.

About Roper Technologies

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.