Martingale Asset Management L P Sells 3,866 Shares of Roper Technologies, Inc. $ROP

Key Points

• Martingale Asset Management L P has reduced its stake in Roper Technologies by 8.1%, selling 3,866 shares, bringing its total holdings to 44,102 shares valued at approximately $26 million.
• Roper Technologies reported an earnings per share (EPS) of $4.87 for the last quarter, exceeding analyst expectations, and provided FY 2025 guidance of 19.900-20.050 EPS.
• The company declared a quarterly dividend of $0.825 per share, with a yield of 0.6%, scheduled to be paid on October 17th.

Martingale Asset Management L P lowered its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 8.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,102 shares of the industrial products company's stock after selling 3,866 shares during the quarter. Martingale Asset Management L P's holdings in Roper Technologies were worth $26,002,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Endowment Wealth Management Inc. raised its position in Roper Technologies by 3.4% in the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock valued at $327,000 after buying an additional 18 shares during the last quarter. Meridian Financial Partners LLC lifted its position in shares of Roper Technologies by 0.9% during the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock worth $1,221,000 after buying an additional 19 shares in the last quarter. My Legacy Advisors LLC increased its position in shares of Roper Technologies by 1.5% during the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after acquiring an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV boosted its position in Roper Technologies by 2.7% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after purchasing an additional 20 shares during the last quarter. Finally, Tritonpoint Wealth LLC boosted its holdings in shares of Roper Technologies by 2.7% in the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock worth $448,000 after buying an additional 20 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

ROP opened at $540.52 on Thursday. The stock has a 50-day moving average price of $552.49 and a 200-day moving average price of $563.98. 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 stock has a market capitalization of $58.17 billion, a P/E ratio of 37.69, a PEG ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company earned $4.48 earnings per share. The business's 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. Equities analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's payout ratio is 23.19%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ROP. Oppenheimer reiterated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Royal Bank Of Canada increased their price objective on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their target price 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. Citigroup initiated coverage on Roper Technologies in a research report on Wednesday. They set a "buy" rating and a $626.00 price target on the stock. Finally, William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $636.36.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the firm's 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 completion of the transaction, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.78% of the company's stock.

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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