Roper Technologies, Inc. $ROP Shares Acquired by Summit Financial LLC

Key Points

• Summit Financial LLC increased its holdings in Roper Technologies by 1,020.2% in Q1, acquiring an additional 5,560 shares, bringing their total to 6,105 shares valued at $3,599,000.
• The company's latest earnings report showed an EPS of $4.87, exceeding estimates, and quarterly revenue rose by 13.2% compared to the previous year.
• Roper Technologies declared a quarterly dividend of $0.825 per share, with a record date set for October 3rd, resulting in an annualized dividend yield of 0.6%.

Summit Financial LLC grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1,020.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,105 shares of the industrial products company's stock after acquiring an additional 5,560 shares during the quarter. Summit Financial LLC's holdings in Roper Technologies were worth $3,599,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ROP. Brighton Jones LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $203,000. Stifel Financial Corp lifted its holdings in shares of Roper Technologies by 5.5% during the fourth quarter. Stifel Financial Corp now owns 54,800 shares of the industrial products company's stock worth $28,494,000 after purchasing an additional 2,879 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in shares of Roper Technologies by 2.1% during the fourth quarter. OneDigital Investment Advisors LLC now owns 1,021 shares of the industrial products company's stock worth $531,000 after purchasing an additional 21 shares during the period. Harvest Investment Services LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth $213,000. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Roper Technologies by 5.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,853 shares of the industrial products company's stock worth $3,043,000 after purchasing an additional 325 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction on 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 of the company's stock, 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. Company insiders own 0.78% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. William Blair assumed coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank Of Canada increased their price target on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Oppenheimer reaffirmed an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $636.36.

Roper Technologies Price Performance

Roper Technologies stock opened at $526.94 on Friday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The business has a fifty day moving average of $551.59 and a two-hundred day moving average of $563.64. The company has a market cap of $56.71 billion, a P/E ratio of 36.75, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE: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 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 period in the prior year, the company earned $4.48 earnings per share. The company's quarterly 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. As a group, analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given 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 (DPR) is currently 23.19%.

About Roper Technologies

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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