Rockland Trust Co. Sells 34,922 Shares of Roper Technologies, Inc. $ROP

Key Points

• Rockland Trust sharply reduced its Roper Technologies position by selling 34,922 shares, a 93.7% cut, leaving the firm with 2,333 shares valued at approximately $789,000. Institutional investors collectively own 93.31% of Roper’s stock.
• Analyst sentiment is mixed, with seven Buy, eight Hold, and four Sell ratings, resulting in a consensus rating of Hold and an average price target of $466.94.
• Roper reported quarterly EPS of $5.38, exceeding expectations, while revenue rose 8.5% year over year to $2.11 billion. The company also declared a quarterly dividend of $0.91 per share, representing a 0.9% annualized yield.

Rockland Trust Co. cut its position in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 93.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,333 shares of the industrial products company's stock after selling 34,922 shares during the quarter. Rockland Trust Co.'s holdings in Roper Technologies were worth $789,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROP. Triumph Capital Management purchased a new position in shares of Roper Technologies in the 3rd quarter worth approximately $25,000. Private Wealth Management Group LLC increased its position in shares of Roper Technologies by 195.8% during the first quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 47 shares during the last quarter. Tucker Asset Management LLC bought a new stake in Roper Technologies during the fourth quarter worth $33,000. Kelleher Financial Advisors purchased a new position in Roper Technologies in the third quarter worth $40,000. Finally, MV Capital Management Inc. purchased a new position in Roper Technologies in the fourth quarter worth $41,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BMO Capital Markets began coverage on Roper Technologies in a research report on Friday, July 10th. They set a "market perform" rating and a $393.00 target price for the company. Barclays cut their price target on shares of Roper Technologies from $380.00 to $373.00 and set an "underweight" rating on the stock in a report on Friday, April 24th. Zacks Research lowered shares of Roper Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 25th. Piper Sandler decreased their price objective on shares of Roper Technologies from $540.00 to $526.00 and set an "overweight" rating for the company in a report on Friday, July 24th. Finally, Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $407.00 to $417.00 and gave the stock a "sector perform" rating in a research report on Friday, July 24th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $466.94.

Insider Activity at Roper Technologies

In other news, EVP John K. Stipancich sold 2,000 shares of the business's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $379.05, for a total value of $758,100.00. Following the sale, the executive vice president owned 35,634 shares of the company's stock, valued at $13,507,067.70. The trade was a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard F. Wallman sold 6,434 shares of the company's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $361.00, for a total transaction of $2,322,674.00. Following the sale, the director owned 7,423 shares in the company, valued at $2,679,703. The trade was a 46.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.80% of the company's stock.

Roper Technologies Stock Performance

NASDAQ:ROP opened at $402.25 on Friday. The company has a market capitalization of $39.78 billion, a P/E ratio of 16.66, a P/E/G ratio of 1.81 and a beta of 0.74. The business has a fifty day simple moving average of $354.11 and a two-hundred day simple moving average of $351.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.55 and a quick ratio of 0.51. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $544.94.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.09. Roper Technologies had a return on equity of 11.36% and a net margin of 30.24%.The company had revenue of $2.11 billion during the quarter. During the same quarter in the previous year, the company posted $4.87 EPS. The firm's revenue was up 8.5% compared to the same quarter last year. Roper Technologies has set its FY 2026 guidance at 22.150-22.300 EPS and its Q3 2026 guidance at 5.750-5.800 EPS. On average, analysts expect that Roper Technologies, Inc. will post 22.22 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be paid a $0.91 dividend. The ex-dividend date is Friday, October 2nd. This represents a $3.64 annualized dividend and a dividend yield of 0.9%. Roper Technologies's dividend payout ratio (DPR) is presently 15.08%.

Roper Technologies Company Profile

Roper Technologies, Inc NASDAQ: ROP is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.

Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.

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