Raub Brock Capital Management LP Has $16.16 Million Holdings in Roper Technologies, Inc. $ROP

Key Points

• Raub Brock Capital Management LP reduced its holdings in Roper Technologies by 2.7% during Q2, now owning 28,512 shares valued at approximately $16.16 million.
• Roper Technologies posted $4.87 EPS for the last quarter, exceeding expectations, with a revenue increase of 13.2% year-over-year.
• The company recently announced a quarterly dividend of $0.825 per share, scheduled for payment on October 17th, representing an annual yield of 0.6%.

Raub Brock Capital Management LP cut its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,512 shares of the industrial products company's stock after selling 806 shares during the quarter. Roper Technologies comprises 3.5% of Raub Brock Capital Management LP's investment portfolio, making the stock its 14th largest holding. Raub Brock Capital Management LP's holdings in Roper Technologies were worth $16,162,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ROP. Saudi Central Bank acquired a new position in shares of Roper Technologies in the first quarter valued at $25,000. Banque Transatlantique SA acquired a new position in shares of Roper Technologies in the first quarter valued at $25,000. MorganRosel Wealth Management LLC acquired a new position in shares of Roper Technologies in the first quarter valued at $27,000. Olde Wealth Management LLC acquired a new position in shares of Roper Technologies in the first quarter valued at $31,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Roper Technologies in the first quarter valued at $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROP has been the subject of several recent analyst reports. Citigroup initiated coverage on Roper Technologies in a research note on Wednesday, August 20th. They set a "buy" rating and a $626.00 price objective for the company. Truist Financial increased their price objective on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Roper Technologies in a research note on Saturday, September 27th. Barclays dropped their price objective on Roper Technologies from $562.00 to $550.00 and set an "underweight" rating for the company in a research note on Wednesday, October 1st. Finally, 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 note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $635.27.

Insider Buying and Selling at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the firm's 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard F. Wallman sold 352 shares of the firm'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 completion of the transaction, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

Shares of ROP stock opened at $510.57 on Wednesday. The stock's fifty day moving average is $520.60 and its 200-day moving average is $548.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. The stock has a market capitalization of $54.94 billion, a PE ratio of 35.88, a PEG ratio of 2.38 and a beta of 1.00. Roper Technologies, Inc. has a 52 week low of $492.25 and a 52 week high of $595.17.

Roper Technologies (NASDAQ:ROP - Get Free Report) last announced its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter 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. Equities research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio is presently 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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