Roper Technologies, Inc. $ROP Holdings Decreased by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC has reduced its stake in Roper Technologies, Inc. by 5.7%, now holding 117,500 shares valued at approximately $69.3 million.
• Roper Technologies reported earnings of $4.87 per share for the last quarter, exceeding analysts' expectations and marking a 13.2% increase in revenue year-over-year.
• Equities analysts have mixed ratings on Roper Technologies, with a consensus target price of $636.36 and various ratings including one Strong Buy and eight Buy ratings.

Kayne Anderson Rudnick Investment Management LLC lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,500 shares of the industrial products company's stock after selling 7,077 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 0.11% of Roper Technologies worth $69,276,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in shares of Roper Technologies in the first quarter valued at $27,000. Putney Financial Group LLC acquired a new stake in Roper Technologies in the 4th quarter valued at about $31,000. Olde Wealth Management LLC purchased a new position in Roper Technologies during the 1st quarter valued at about $31,000. Wayfinding Financial LLC purchased a new position in Roper Technologies during the 1st quarter valued at about $31,000. Finally, Alpine Bank Wealth Management acquired a new position in Roper Technologies during the first quarter worth about $34,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of analyst reports. Truist Financial increased 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. Robert W. Baird raised their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. 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 note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $636.36.

Insider Buying and Selling

In other news, VP John K. Stipancich sold 1,500 shares of Roper Technologies 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 sale, the vice president owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the company's 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 of the company's stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Trading Down 0.1%

ROP traded down $0.28 during trading on Friday, hitting $526.31. 871,954 shares of the company's stock were exchanged, compared to its average volume of 630,987. The stock has a 50 day moving average price of $548.52 and a 200 day moving average price of $561.96. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year 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 firm has a market cap of $56.64 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

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 (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period in the prior year, the business earned $4.48 earnings per share. Roper Technologies's quarterly 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. As a group, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued 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 dividend yield of 0.6%. Roper Technologies's dividend payout ratio is 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.