Mattern Capital Management LLC Acquires 2,453 Shares of Roper Technologies, Inc. $ROP

Key Points

• Mattern Capital Management LLC increased its stake in Roper Technologies by 33.4%, acquiring an additional 2,453 shares and bringing its total holdings to 9,801 shares, valued at approximately $5.56 million.
• Roper Technologies announced a quarterly dividend of $0.825 per share, with a record date of October 3rd, yielding an annualized 0.7%.
• Following recent analyst reports, Roper Technologies' stock has an average target price of $635.27, with several firms upgrading their price objectives and maintaining a favorable outlook.

Mattern Capital Management LLC boosted its holdings in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 33.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,801 shares of the industrial products company's stock after purchasing an additional 2,453 shares during the period. Mattern Capital Management LLC's holdings in Roper Technologies were worth $5,556,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock worth $6,318,678,000 after purchasing an additional 142,150 shares during the last quarter. Price T Rowe Associates Inc. MD raised 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 acquiring an additional 500,764 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Roper Technologies by 0.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company's stock valued at $3,049,155,000 after acquiring an additional 20,238 shares during the last quarter. Nuveen LLC bought a new position in shares of Roper Technologies during the first quarter valued at about $894,764,000. Finally, Wellington Management Group LLP raised 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 acquiring an additional 672,306 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were 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 in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction dated 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 sale, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

Shares of NASDAQ ROP opened at $497.59 on Friday. The stock has a market capitalization of $53.55 billion, a P/E ratio of 34.97, a P/E/G ratio of 2.34 and a beta of 1.00. 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 1 year low of $492.25 and a 1 year high of $595.17. The company's 50-day moving average is $523.96 and its 200 day moving average is $550.51.

Roper Technologies (NASDAQ:ROP - Get Free Report) last announced its quarterly earnings data 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%. The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.48 EPS. 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, sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio is 23.19%.

Analyst Upgrades and Downgrades

ROP has been the subject of several recent analyst reports. 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. JPMorgan Chase & Co. upped their price objective on shares of 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 upped their price objective on shares of 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 boosted their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Citigroup assumed coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They set a "buy" rating and a $626.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and an average target price of $635.27.

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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