Alliancebernstein L.P. Has $755.15 Million Position in Roper Technologies, Inc. $ROP

Key Points

• Alliancebernstein L.P. reduced its stake in Roper Technologies by 7.2%, now owning 1,280,830 shares valued at approximately $755 million.
• Roper Technologies reported $4.87 EPS in its last quarterly earnings, exceeding the consensus estimate and indicating a 13.2% increase in revenue year-over-year.
• Analysts have set a target price range of $600.00 to $703.00 for Roper Technologies, with a consensus rating of "Moderate Buy".

Alliancebernstein L.P. decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,280,830 shares of the industrial products company's stock after selling 99,827 shares during the period. Alliancebernstein L.P. owned about 1.19% of Roper Technologies worth $755,152,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ROP. Brighton Jones LLC acquired a new position in shares of Roper Technologies during the fourth quarter valued at $203,000. Benjamin Edwards Inc. lifted its holdings in Roper Technologies by 2.5% in the fourth quarter. Benjamin Edwards Inc. now owns 1,610 shares of the industrial products company's stock worth $837,000 after purchasing an additional 39 shares during the period. Baird Financial Group Inc. lifted its holdings in Roper Technologies by 0.7% in the fourth quarter. Baird Financial Group Inc. now owns 79,792 shares of the industrial products company's stock worth $41,480,000 after purchasing an additional 585 shares during the period. Caxton Associates LP acquired a new stake in Roper Technologies in the fourth quarter worth about $353,000. Finally, Captrust Financial Advisors lifted its holdings in Roper Technologies by 2.1% in the fourth quarter. Captrust Financial Advisors now owns 9,964 shares of the industrial products company's stock worth $5,180,000 after purchasing an additional 204 shares during the period. Institutional investors own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ROP. Royal Bank Of Canada upped their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Citigroup assumed coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective for the company. JPMorgan Chase & Co. upped 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. Robert W. Baird upped their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Finally, Truist Financial boosted their price objective on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $636.36.

Roper Technologies Stock Performance

ROP stock traded down $8.68 during midday trading on Friday, hitting $518.44. The stock had a trading volume of 700,577 shares, compared to its average volume of 632,690. The firm has a market capitalization of $55.79 billion, a price-to-earnings ratio of 36.15, a P/E/G ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a 50-day simple moving average of $543.45 and a 200 day simple moving average of $559.77. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.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 company earned $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. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio is currently 23.19%.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction dated 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 owned 38,932 shares in the company, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

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.