Roper Technologies, Inc. $ROP is Redwood Investments LLC's 7th Largest Position

Key Points

• Redwood Investments LLC has increased its holdings in Roper Technologies by 14.7%, making it the firm's 7th largest position, valued at approximately $7.1 million.
• The company announced a quarterly dividend of $0.825 per share, with a yield of 0.6%, to be paid on October 17, 2023.
• Roper Technologies reported an EPS of $4.87 for the last quarter, exceeding expectations, with a revenue increase of 13.2% year-over-year.

Redwood Investments LLC increased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 14.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 12,022 shares of the industrial products company's stock after acquiring an additional 1,539 shares during the period. Roper Technologies makes up about 2.7% of Redwood Investments LLC's holdings, making the stock its 7th largest holding. Redwood Investments LLC's holdings in Roper Technologies were worth $7,088,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new position in shares of Roper Technologies during the first quarter worth $25,000. Banque Transatlantique SA purchased a new position in shares of Roper Technologies during the first quarter worth $25,000. MorganRosel Wealth Management LLC purchased a new position in shares of Roper Technologies during the first quarter worth $27,000. Putney Financial Group LLC purchased a new position in shares of Roper Technologies during the fourth quarter worth $31,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Roper Technologies during the first quarter worth $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Truist Financial lifted their target price on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Mizuho set a $600.00 target price on Roper Technologies in a report on Friday, May 16th. Citigroup assumed coverage on Roper Technologies in a report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 target price for the company. Finally, Robert W. Baird lifted their target price on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently 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 1.6%

Roper Technologies stock opened at $518.44 on Monday. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-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. The stock has a market cap of $55.79 billion, a PE ratio of 36.15, a P/E/G ratio of 2.77 and a beta of 1.03. The stock's fifty day moving average is $543.45 and its two-hundred day moving average is $559.62.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, July 21st. The industrial products company reported $4.87 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%.During the same quarter in the previous year, the company earned $4.48 EPS. Roper Technologies's 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. On average, sell-side analysts expect that Roper Technologies, Inc. will post 19.96 EPS 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 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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