Ransom Advisory Ltd Buys Shares of 1,600 Roper Technologies, Inc. $ROP

Key Points

• Ransom Advisory Ltd recently purchased 1,600 shares of Roper Technologies, valued at approximately $943,000, indicating growing institutional interest in the stock.
• Wall Street analysts project potential growth for Roper Technologies, with target price increases from firms like Robert W. Baird and Truist Financial, suggesting a bullish outlook for the stock.
• The company announced a quarterly dividend of $0.825 per share, scheduled to be paid on October 17, with a dividend yield of 0.6%.

Ransom Advisory Ltd bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,600 shares of the industrial products company's stock, valued at approximately $943,000.

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

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of analyst reports. Robert W. Baird upped their price target on 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 upped their price target on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Citigroup assumed coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Mizuho set a $600.00 price objective on Roper Technologies in a research report on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $636.36.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction dated Tuesday, July 22nd. The stock was 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 approximately $11,408,687.50. The trade was 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 this link. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the sale, the vice president owned 38,932 shares in the company, valued at $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 insiders.

Roper Technologies Stock Down 0.7%

Shares of NYSE ROP opened at $519.67 on Wednesday. The company has a market capitalization of $55.92 billion, a price-to-earnings ratio of 36.24, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The business has a 50-day moving average of $541.52 and a two-hundred day moving average of $558.99. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

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 return on equity of 10.79% and a net margin of 22.01%.Roper Technologies's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.48 earnings per share. 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 forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given 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 dividend yield of 0.6%. Roper Technologies's payout ratio is 23.19%.

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.

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