Guinness Asset Management LTD Has $43.63 Million Holdings in Roper Technologies, Inc. $ROP

Key Points

• Guinness Asset Management LTD increased its stake in Roper Technologies by 5.3%, owning 74,008 shares valued at approximately $43.6 million, positioning it as the fund's 26th largest holding.
• Roper Technologies reported better-than-expected earnings per share of $4.87 for the last quarter, exceeding the estimate of $4.83 and achieving a revenue increase of 13.2% year-over-year.
• The company declared a quarterly dividend of $0.825 per share, with an ex-dividend date set for October 3rd, and a current yield of 0.6% based on an annualized basis of $3.30.

Guinness Asset Management LTD boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,008 shares of the industrial products company's stock after purchasing an additional 3,710 shares during the quarter. Roper Technologies comprises 0.8% of Guinness Asset Management LTD's holdings, making the stock its 26th biggest position. Guinness Asset Management LTD owned 0.07% of Roper Technologies worth $43,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Saudi Central Bank bought a new stake in Roper Technologies during the 1st quarter worth about $25,000. MorganRosel Wealth Management LLC bought a new stake in Roper Technologies during the 1st quarter worth about $27,000. Banque Transatlantique SA bought a new stake in Roper Technologies during the 1st quarter worth about $25,000. Olde Wealth Management LLC bought a new stake in Roper Technologies during the 1st quarter worth about $31,000. Finally, Wayfinding Financial LLC bought a new stake in Roper Technologies during the 1st quarter worth about $31,000. 93.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Citigroup assumed coverage on Roper Technologies in a report on Wednesday, August 20th. They set a "buy" rating and a $626.00 price objective for the company. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. 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 report on Tuesday, July 22nd. Truist Financial increased their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada increased their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research 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 given a Sell rating to the company's stock. According to MarketBeat, Roper Technologies has an average rating of "Moderate Buy" and an average target price of $636.36.

Insider Buying and Selling

In other news, 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 trade represents a 1.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 of the company's stock, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Down 0.9%

NYSE ROP traded down $4.85 during trading hours on Friday, reaching $512.53. 615,447 shares of the company's stock were exchanged, compared to its average volume of 641,163. The company's 50-day moving average is $538.14 and its two-hundred day moving average is $557.53. 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 company has a market capitalization of $55.16 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business posted $4.48 earnings per share. The company's revenue for the quarter 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. On average, analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced 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. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies's dividend payout ratio is presently 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.