Roper Technologies, Inc. $ROP Shares Bought by Sigma Investment Counselors Inc.

Key Points

• Sigma Investment Counselors Inc. increased its holdings in Roper Technologies, Inc. by 4.5%, acquiring an additional 588 shares, bringing their total to 13,610 shares worth approximately $7.7 million.
• Roper Technologies recently announced a quarterly dividend of $0.825 per share, reflecting an annualized dividend yield of 0.7% and a dividend payout ratio of 23.19%.
• The stock of Roper Technologies has a market capitalization of approximately $54.29 billion and has been rated as a "Moderate Buy" by analysts, with a consensus target price set at $623.82.

Sigma Investment Counselors Inc. raised its holdings in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,610 shares of the industrial products company's stock after acquiring an additional 588 shares during the period. Sigma Investment Counselors Inc.'s holdings in Roper Technologies were worth $7,715,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ROP. Endowment Wealth Management Inc. grew its stake in shares of Roper Technologies by 3.4% in the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock valued at $327,000 after buying an additional 18 shares during the period. Fiduciary Alliance LLC grew its stake in shares of Roper Technologies by 0.8% in the 2nd quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company's stock valued at $1,329,000 after buying an additional 18 shares during the period. Winch Advisory Services LLC grew its stake in shares of Roper Technologies by 2.2% in the 1st quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company's stock valued at $557,000 after buying an additional 20 shares during the period. Townsend Asset Management Corp NC ADV grew its stake in shares of Roper Technologies by 0.8% in the 2nd quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company's stock valued at $1,448,000 after buying an additional 20 shares during the period. Finally, Sagespring Wealth Partners LLC grew its stake in shares of Roper Technologies by 2.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 718 shares of the industrial products company's stock valued at $407,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Performance

NASDAQ:ROP opened at $504.52 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. The stock has a market capitalization of $54.29 billion, a P/E ratio of 35.45, a PEG ratio of 2.36 and a beta of 1.00. The company has a 50 day moving average price of $515.32 and a 200 day moving average price of $544.67. Roper Technologies, Inc. has a fifty-two week low of $492.25 and a fifty-two week high of $595.17.

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

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is currently 23.19%.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the firm'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 completion of the transaction, the vice president owned 38,932 shares of the company's stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 20,510 shares of the company's stock, valued at $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 research firms have recently weighed in on ROP. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $541.00 price target (down previously from $577.00) on shares of Roper Technologies in a research note on Wednesday. Robert W. Baird increased their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Weiss Ratings reissued a "hold (c+)" rating on shares of Roper Technologies in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Barclays lowered their price objective on shares of Roper Technologies from $562.00 to $550.00 and set an "underweight" rating for the company in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $623.82.

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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