Panagora Asset Management Inc. Trims Holdings in Roper Technologies, Inc. $ROP

Key Points

• Panagora Asset Management Inc. reduced its holdings in Roper Technologies by 40.6%, selling 3,449 shares during the first quarter, now owning a total of 5,039 shares worth approximately $2.97 million.
• Roper Technologies has received several upgrades from analysts, with target prices ranging from $577 to $703, indicating a generally positive outlook for its stock, currently rated as a "Moderate Buy."
• The company announced a quarterly dividend of $0.825 per share, representing an annualized payout of $3.30, reflecting a dividend yield of 0.6% and a payout ratio of 23.19%.

Panagora Asset Management Inc. lowered its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 40.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,039 shares of the industrial products company's stock after selling 3,449 shares during the quarter. Panagora Asset Management Inc.'s holdings in Roper Technologies were worth $2,971,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Endowment Wealth Management Inc. grew its stake in Roper Technologies by 3.4% during the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock worth $327,000 after buying an additional 18 shares during the last quarter. Meridian Financial Partners LLC grew its stake in 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 during the last quarter. My Legacy Advisors LLC grew its stake in Roper Technologies by 1.5% during the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock worth $751,000 after buying an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV grew its stake in Roper Technologies by 2.7% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after buying an additional 20 shares during the last quarter. Finally, Tritonpoint Wealth LLC grew its stake in Roper Technologies by 2.7% during the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock valued at $448,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Up 0.6%

Roper Technologies stock traded up $2.86 during mid-day trading on Monday, reaching $521.30. The stock had a trading volume of 409,501 shares, compared to its average volume of 631,225. The company has a market capitalization of $56.10 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 2.77 and a beta of 1.03. The company has a 50-day moving average price of $543.45 and a two-hundred day moving average price of $559.62. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 previous year, the business posted $4.48 EPS. The company'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 expect 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. Shareholders of record on Friday, October 3rd will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies's payout ratio is 23.19%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank Of Canada boosted their price target on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Robert W. Baird boosted their price target on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. Citigroup assumed coverage on Roper Technologies in a research note on Wednesday, August 20th. They set a "buy" rating and a $626.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. One research 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 company. Based on data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $636.36.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of the business's 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 completion of the sale, the director directly 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 filing with the SEC, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the business's 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 sale, the vice president owned 38,932 shares of the company's stock, valued at $21,964,266.44. This trade represents a 3.71% 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 insiders.

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.