Roper Technologies, Inc. $ROP Shares Acquired by WealthPlan Investment Management LLC

Key Points

• WealthPlan Investment Management LLC increased its stake in Roper Technologies, Inc. by 22.0%, owning 7,104 shares valued at approximately $4.03 million.
• The company reported $4.81 earnings per share for the latest quarter with anticipated FY 2025 EPS guidance set between $19.75 and $20.00.
• Roper Technologies recently declared a quarterly dividend of $0.825, yielding an annualized rate of 0.7% with a payout ratio of 23.19%.

WealthPlan Investment Management LLC increased its holdings in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 22.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,104 shares of the industrial products company's stock after buying an additional 1,283 shares during the period. WealthPlan Investment Management LLC's holdings in Roper Technologies were worth $4,027,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Saudi Central Bank acquired a new position in shares of Roper Technologies in the 1st quarter valued at about $25,000. MorganRosel Wealth Management LLC acquired a new position in shares of Roper Technologies in the 1st quarter valued at about $27,000. Banque Transatlantique SA acquired a new position in shares of Roper Technologies in the 1st quarter valued at about $25,000. Olde Wealth Management LLC acquired a new position in shares of Roper Technologies in the 1st quarter valued at about $31,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Roper Technologies in the 1st quarter valued at about $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Down 2.7%

Shares of NASDAQ:ROP opened at $499.73 on Thursday. The company has a 50 day moving average of $516.65 and a 200-day moving average of $546.20. The firm has a market cap of $53.78 billion, a P/E ratio of 35.12, a P/E/G ratio of 2.41 and a beta of 1.00. Roper Technologies, Inc. has a twelve month low of $492.25 and a twelve month high of $595.17. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40.

Roper Technologies (NASDAQ:ROP - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. The company had revenue of $1.88 billion during the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. As a group, analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's dividend payout ratio is currently 23.19%.

Insider Buying and Selling

In related news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction that occurred 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 sale, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of 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 disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Roper Technologies in a report on Wednesday, October 8th. Barclays reduced their target price on shares of Roper Technologies from $562.00 to $550.00 and set an "underweight" rating for the company in a research note on Wednesday, October 1st. JPMorgan Chase & Co. reissued an "underweight" rating and set a $541.00 target price (down from $577.00) on shares of Roper Technologies in a research note on Wednesday. Citigroup started coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price for the company. Finally, Royal Bank Of Canada boosted their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $632.00.

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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