Ascent Group LLC Has $6.41 Million Stock Position in Roper Technologies, Inc. $ROP

Key Points

• Ascent Group LLC increased its stake in Roper Technologies by 48.3% during Q1, now holding 10,874 shares valued at approximately $6.4 million.
• Roper Technologies reported a quarterly EPS of $4.87, exceeding analyst expectations, with guidance for FY 2025 set between $19.900 and $20.050.
• The company announced a quarterly dividend of $0.825 per share, representing a 0.6% dividend yield, with an ex-dividend date of October 3rd.

Ascent Group LLC raised its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 48.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,874 shares of the industrial products company's stock after purchasing an additional 3,541 shares during the quarter. Ascent Group LLC's holdings in Roper Technologies were worth $6,411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. United Services Automobile Association purchased a new stake in Roper Technologies during the 1st quarter valued at about $1,406,000. Great Lakes Advisors LLC acquired a new position in Roper Technologies in the 1st quarter valued at about $239,000. Caxton Associates LLP acquired a new position in Roper Technologies in the 1st quarter valued at about $491,000. Voleon Capital Management LP lifted its holdings in shares of Roper Technologies by 53.3% in the 1st quarter. Voleon Capital Management LP now owns 11,903 shares of the industrial products company's stock worth $7,018,000 after acquiring an additional 4,139 shares during the last quarter. Finally, Redwood Investments LLC boosted its position in shares of Roper Technologies by 14.7% during the 1st quarter. Redwood Investments LLC now owns 12,022 shares of the industrial products company's stock worth $7,088,000 after purchasing an additional 1,539 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Trading Down 0.9%

ROP stock traded down $4.85 during midday trading on Friday, reaching $512.53. 615,447 shares of the company's stock traded hands, compared to its average volume of 641,138. The business has a 50-day moving average price of $539.35 and a two-hundred day moving average price of $558.27. 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 debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market capitalization of $55.16 billion, a P/E ratio of 35.74, a PEG ratio of 2.77 and a beta of 1.03.

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 (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The firm's quarterly revenue was up 13.2% on a year-over-year basis. During the same period 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 forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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 $0.825 dividend. 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 dividend payout ratio is currently 23.19%.

Wall Street Analyst Weigh In

ROP has been the topic of a number of research reports. Mizuho set a $600.00 target price on shares of Roper Technologies in a report on Friday, May 16th. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. 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 target price on the stock. Robert W. Baird raised their price objective on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Truist Financial raised their target price on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $636.36.

Insider Transactions at Roper Technologies

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 Roper Technologies stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

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.