Roper Technologies, Inc. $ROP Shares Bought by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC increased its holdings in Roper Technologies by 251.8% in Q2, now owning 3,356 shares valued at approximately $1.9 million.
• Roper Technologies reported an EPS of $4.87 for the last quarter, exceeding analysts' estimates by $0.04, with a revenue increase of 13.2% year-over-year.
• The company declared a quarterly dividend of $0.825 per share, with the ex-dividend date set for October 3rd, reflecting an annual yield of 0.7%.

GC Wealth Management RIA LLC grew its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 251.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,356 shares of the industrial products company's stock after purchasing an additional 2,402 shares during the quarter. GC Wealth Management RIA LLC's holdings in Roper Technologies were worth $1,902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC purchased a new stake in Roper Technologies in the 4th quarter valued at about $203,000. Versant Capital Management Inc increased its position in Roper Technologies by 235.1% during the first quarter. Versant Capital Management Inc now owns 382 shares of the industrial products company's stock worth $225,000 after purchasing an additional 268 shares during the last quarter. Rhumbline Advisers raised its stake in Roper Technologies by 3.5% during the first quarter. Rhumbline Advisers now owns 213,059 shares of the industrial products company's stock worth $125,615,000 after purchasing an additional 7,255 shares during the period. Czech National Bank boosted its holdings in shares of Roper Technologies by 5.9% in the 1st quarter. Czech National Bank now owns 24,628 shares of the industrial products company's stock valued at $14,520,000 after purchasing an additional 1,379 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC grew its stake in shares of Roper Technologies by 4.0% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 907 shares of the industrial products company's stock valued at $535,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the topic of several research reports. Robert W. Baird increased their target price on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Citigroup assumed coverage on Roper Technologies in a research note on Wednesday, August 20th. They set a "buy" rating and a $626.00 price target for the company. Royal Bank Of Canada lifted their price objective on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Truist Financial boosted their target price on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $636.36.

Roper Technologies Stock Performance

Shares of NASDAQ:ROP opened at $500.96 on Tuesday. The business's 50-day simple moving average is $527.70 and its 200 day simple moving average is $551.79. The company has a market cap of $53.91 billion, a P/E ratio of 35.20, a PEG ratio of 2.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. Roper Technologies, Inc. has a one year low of $492.25 and a one year high of $595.17.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.The business's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.48 earnings per share. 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 forecast 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. Investors 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 payout ratio is 23.19%.

Insiders Place Their Bets

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were 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 directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. This represents a 3.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $195,800.00. Following the sale, the director owned 20,510 shares of the company's stock, valued at $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.78% of the company's stock.

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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