Rafferty Asset Management LLC Has $30.06 Million Stock Holdings in Roper Technologies, Inc. $ROP

Key Points

• Rafferty Asset Management LLC reduced its holdings in Roper Technologies, Inc. by 16.4%, selling 9,987 shares and ending up with 50,980 shares valued at approximately $30 million.
• Roper Technologies reported $4.87 earnings per share for the most recent quarter, exceeding estimates, and has set an FY 2025 EPS guidance ranging from 19.900 to 20.050.
• The company announced a quarterly dividend of $0.825 per share, with an ex-dividend date of October 3rd, translating to an annual yield of 0.6%.

Rafferty Asset Management LLC cut its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 16.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,980 shares of the industrial products company's stock after selling 9,987 shares during the quarter. Rafferty Asset Management LLC's holdings in Roper Technologies were worth $30,057,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC lifted its stake in Roper Technologies by 8.6% in the first quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock valued at $453,000 after acquiring an additional 61 shares during the last quarter. Freedom Day Solutions LLC bought a new position in shares of Roper Technologies in the first quarter valued at approximately $1,808,000. Tandem Investment Advisors Inc. raised its position in shares of Roper Technologies by 49.9% in the first quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock valued at $57,914,000 after purchasing an additional 32,694 shares during the period. GAMMA Investing LLC raised its position in shares of Roper Technologies by 76.4% in the first 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 period. Finally, Legacy Advisors LLC bought a new position in shares of Roper Technologies in the first quarter valued at approximately $264,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction 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 sale, the director owned 20,510 shares in the company, valued at $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction 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 sale, 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. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Performance

ROP traded down $0.28 during trading on Friday, reaching $526.31. 872,087 shares of the company's stock were exchanged, compared to its average volume of 632,657. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average price of $548.52 and a 200 day moving average price of $561.96. The company has a market capitalization of $56.64 billion, a P/E ratio of 36.70, a PEG ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results 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 22.01% and a return on equity of 10.79%. During the same quarter in the prior year, the company earned $4.48 EPS. Roper Technologies's quarterly 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. As a group, analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm 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 dividend of $0.825 per share. The ex-dividend date 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 currently 23.19%.

Analyst Ratings Changes

ROP has been the topic of a number of recent analyst reports. Citigroup initiated coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price target on the stock. Robert W. Baird lifted 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. Truist Financial lifted their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Mizuho set a $600.00 target price on shares of Roper Technologies in a research report on Friday, May 16th. Finally, William Blair started coverage on shares of Roper Technologies in a research 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 given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $636.36.

Roper Technologies Company 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.