Roper Technologies, Inc. $ROP Position Reduced by Ascent Group LLC

Key Points

• Ascent Group LLC reduced its stake in Roper Technologies, Inc. by 10.6%, now holding 9,725 shares worth $5,513,000.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Roper Technologies, with an average target price of $635.27.
• The company plans to pay a quarterly dividend of $0.825 per share on October 17th, representing a yield of 0.7%.

Ascent Group LLC trimmed its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,725 shares of the industrial products company's stock after selling 1,149 shares during the quarter. Ascent Group LLC's holdings in Roper Technologies were worth $5,513,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. 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 worth $327,000 after purchasing an additional 18 shares during the period. Fiduciary Alliance LLC raised its holdings in shares of Roper Technologies by 0.8% during the second quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company's stock worth $1,329,000 after purchasing an additional 18 shares during the period. 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 worth $1,221,000 after purchasing an additional 19 shares during the period. 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 worth $751,000 after purchasing an additional 19 shares during the period. 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 worth $448,000 after purchasing an additional 20 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ROP. Royal Bank Of Canada increased their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Barclays dropped their price objective on shares of Roper Technologies from $562.00 to $550.00 and set an "underweight" rating on the stock in a report on Wednesday. Citigroup initiated coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Roper Technologies in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $635.27.

Roper Technologies Stock Up 0.5%

Roper Technologies stock opened at $499.95 on Friday. The stock has a market cap of $53.80 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 2.34 and a beta of 1.00. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The company's 50-day moving average price is $522.70 and its two-hundred day moving average price is $549.98. 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 released its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. The business's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. On average, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.7%. Roper Technologies's dividend payout ratio (DPR) is presently 23.19%.

Insider Activity

In other Roper Technologies news, 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 transaction of $195,800.00. Following the transaction, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was 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 company 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.

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