Manitou Investment Management Ltd. Lowers Position in Roper Technologies, Inc. $ROP

Key Points

• Manitou Investment Management Ltd. reduced its holdings in Roper Technologies, Inc. by 0.7%, owning 67,659 shares after selling 501 shares during Q2, representing 7.3% of its portfolio.
• Roper Technologies recently declared a quarterly dividend of $0.825 per share, with an annualized yield of 0.6%, to be paid on October 17th.
• Institutional investors own 93.31% of Roper Technologies’ stock, reflecting robust interest in the company amongst large investment firms.

Manitou Investment Management Ltd. reduced its position in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,659 shares of the industrial products company's stock after selling 501 shares during the period. Roper Technologies accounts for about 7.3% of Manitou Investment Management Ltd.'s portfolio, making the stock its 7th largest position. Manitou Investment Management Ltd. owned approximately 0.06% of Roper Technologies worth $38,352,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ROP. Brighton Jones LLC purchased a new position in shares of Roper Technologies in the 4th quarter valued at approximately $203,000. Wealthcare Advisory Partners LLC raised its position in shares of Roper Technologies by 8.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 439 shares of the industrial products company's stock valued at $259,000 after purchasing an additional 33 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Roper Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock valued at $1,115,000 after purchasing an additional 819 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Roper Technologies by 1.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,067 shares of the industrial products company's stock valued at $1,808,000 after purchasing an additional 30 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its position in shares of Roper Technologies by 43.0% in the 1st quarter. Simon Quick Advisors LLC now owns 868 shares of the industrial products company's stock valued at $512,000 after purchasing an additional 261 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the sale, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This represents a 1.69% 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, VP John K. Stipancich sold 1,500 shares of the 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 directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Roper Technologies in a research report on Wednesday. Royal Bank Of Canada raised their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note 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 stock a "neutral" rating in a research note on Tuesday, July 22nd. Barclays dropped their price objective on shares of Roper Technologies from $562.00 to $550.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 1st. Finally, Truist Financial raised their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $635.27.

Roper Technologies Stock Down 1.8%

Shares of ROP opened at $509.00 on Friday. The firm has a market cap of $54.78 billion, a P/E ratio of 35.77, a price-to-earnings-growth ratio of 2.39 and a beta of 1.00. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The company's 50-day moving average price is $518.65 and its 200 day moving average price is $547.56. Roper Technologies, Inc. has a 12-month low of $492.25 and a 12-month high of $595.17.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. The company had revenue of $1.88 billion during the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 3rd. 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.

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