Flputnam Investment Management Co. Sells 1,945 Shares of Roper Technologies, Inc. $ROP

Key Points

• Flputnam Investment Management Co. significantly reduced its investment in Roper Technologies by 82.9%, selling 1,945 shares and leaving it with only 400 shares worth $236,000.
• Insiders, including Director Richard F. Wallman and VP John K. Stipancich, have also sold shares recently, with Wallman reducing his stake by 1.69% and Stipancich by 3.71%.
• Several analysts have raised their price targets for Roper Technologies, with estimates ranging from $577.00 to $703.00, indicating a generally positive outlook for the company's stock.

Flputnam Investment Management Co. decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 82.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 400 shares of the industrial products company's stock after selling 1,945 shares during the period. Flputnam Investment Management Co.'s holdings in Roper Technologies were worth $236,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ROP. Brighton Jones LLC acquired a new position in Roper Technologies during the 4th quarter worth $203,000. Benjamin Edwards Inc. grew its position in Roper Technologies by 2.5% in the 4th 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 in the last quarter. Caxton Associates LP bought a new stake in shares of Roper Technologies during the 4th quarter valued at about $353,000. Captrust Financial Advisors increased its position in shares of Roper Technologies by 2.1% in the fourth quarter. Captrust Financial Advisors now owns 9,964 shares of the industrial products company's stock valued at $5,180,000 after acquiring an additional 204 shares during the period. Finally, Centiva Capital LP purchased a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $430,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 0.7%

NYSE:ROP traded up $3.77 during mid-day trading on Monday, reaching $522.21. The stock had a trading volume of 789,423 shares, compared to its average volume of 633,487. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a market capitalization of $56.20 billion, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The stock's 50 day simple moving average is $543.45 and its two-hundred day simple moving average is $559.62. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. Roper Technologies's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm 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. Equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued 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 currently 23.19%.

Analyst Upgrades and Downgrades

ROP has been the subject of several research reports. Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price objective 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 upped their price objective 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 boosted their price objective 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, Mizuho set a $600.00 target price on shares of Roper Technologies in a report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $636.36.

Insiders Place Their Bets

In other news, VP John K. Stipancich sold 1,500 shares of the business'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 sale, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was 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 in the company, 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 0.78% of the company's stock.

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.