LGT Fund Management Co Ltd. Lowers Stock Holdings in Roper Technologies, Inc. $ROP

Key Points

• LGT Fund Management Co Ltd. significantly reduced its stake in Roper Technologies, Inc. by 58.4%, finishing the second quarter with 5,146 shares valued at approximately $2.9 million.
• Roper Technologies reported a 13.2% year-over-year revenue increase in its recent quarterly earnings, with earnings per share of $4.87, exceeding analyst estimates.
• The company's latest quarterly dividend of $0.825 per share, announced for payment on October 17th, represents a dividend yield of 0.7%.

LGT Fund Management Co Ltd. reduced its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 58.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,146 shares of the industrial products company's stock after selling 7,239 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in Roper Technologies were worth $2,917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROP. Nuveen LLC bought a new position in shares of Roper Technologies during the first quarter valued at about $894,764,000. Wellington Management Group LLP grew its stake in shares of Roper Technologies by 92.3% during the first quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock valued at $826,030,000 after buying an additional 672,306 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Roper Technologies by 9.2% during the first 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 buying an additional 500,764 shares during the last quarter. Swedbank AB grew its stake in shares of Roper Technologies by 201.6% during the second quarter. Swedbank AB now owns 675,513 shares of the industrial products company's stock valued at $382,908,000 after buying 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 valued at $377,407,000 after buying an additional 252,056 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Insider Activity at Roper Technologies

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 shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction that occurred 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 transaction, the director owned 20,510 shares of the company's stock, valued at $11,408,687.50. The trade was 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 company insiders.

Analyst Ratings Changes

ROP has been the topic of a number of recent research reports. Citigroup initiated coverage on Roper Technologies in a research note on Wednesday, August 20th. They set a "buy" rating and a $626.00 price objective on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Roper Technologies in a report on Saturday, September 27th. Robert W. Baird increased 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. JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, Truist Financial increased their target price on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $635.27.

Roper Technologies Stock Performance

Shares of ROP opened at $499.95 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43. Roper Technologies, Inc. has a one year low of $492.25 and a one year high of $595.17. The company has a 50-day simple moving average of $522.70 and a two-hundred day simple moving average of $549.98. The firm has a market capitalization of $53.80 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping the consensus estimate 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 earned $4.48 earnings per share. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. 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, analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm 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. This represents a $3.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is presently 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.

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