Roper Technologies, Inc. $ROP Shares Purchased by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its stake in Roper Technologies, Inc. by 42.0% during the 2nd quarter, holding a total of 52,780 shares valued at approximately $29.9 million.
• Several financial analysts have given Roper Technologies a "Moderate Buy" rating, with price targets ranging from $550.00 to $703.00.
• The company recently declared a quarterly dividend of $0.825 per share, translating to an annualized dividend yield of 0.6%.

KLP Kapitalforvaltning AS boosted its stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 42.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,780 shares of the industrial products company's stock after buying an additional 15,600 shares during the period. KLP Kapitalforvaltning AS's holdings in Roper Technologies were worth $29,918,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Endowment Wealth Management Inc. grew its stake in shares of Roper Technologies by 3.4% in the first quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock worth $327,000 after purchasing an additional 18 shares in the last quarter. Fiduciary Alliance LLC grew its stake in shares of Roper Technologies by 0.8% in the second quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company's stock worth $1,329,000 after purchasing an additional 18 shares in the last quarter. My Legacy Advisors LLC grew its stake in shares of Roper Technologies by 1.5% in the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock worth $751,000 after purchasing an additional 19 shares in the last quarter. Tritonpoint Wealth LLC grew its stake in shares of Roper Technologies by 2.7% in the first quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock worth $448,000 after purchasing an additional 20 shares in the last quarter. Finally, Winch Advisory Services LLC grew its stake in shares of Roper Technologies by 2.2% in the first quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company's stock worth $557,000 after purchasing an additional 20 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ROP. 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 research note on Tuesday, July 22nd. Barclays decreased their price target on Roper Technologies from $562.00 to $550.00 and set an "underweight" rating for the company in a research note on Wednesday, October 1st. Truist Financial raised their target price on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Robert W. Baird raised their target price on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Roper Technologies in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and an average price target of $635.27.

Roper Technologies Trading Up 0.7%

NASDAQ:ROP opened at $510.57 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40. Roper Technologies, Inc. has a 1-year low of $492.25 and a 1-year high of $595.17. The firm has a market capitalization of $54.94 billion, a price-to-earnings ratio of 35.88, a price-to-earnings-growth ratio of 2.38 and a beta of 1.00. The stock has a fifty day simple moving average of $520.60 and a 200 day simple moving average of $548.89.

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, beating 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%.During the same period last year, the business posted $4.48 earnings per share. Roper Technologies's quarterly revenue was up 13.2% on a year-over-year basis. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors 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 23.19%.

Insiders Place Their Bets

In related news, VP John K. Stipancich sold 1,500 shares of the 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares of the company's stock, valued at approximately $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. Company insiders own 0.87% 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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