FORA Capital LLC Lowers Holdings in Roper Technologies, Inc. $ROP

Key Points

• FORA Capital LLC reduced its stake in Roper Technologies by 61.1% in the 1st quarter, owning 6,454 shares worth about $3.8 million after selling 10,135 shares.
• Roper Technologies reported earnings of $4.87 EPS for the last quarter, exceeding analysts' expectations and marking a 13.2% revenue increase compared to the previous year.
• The company declared a quarterly dividend of $0.825 per share, with an annualized dividend yield of 0.6%, set to be paid on October 17th.

FORA Capital LLC cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 61.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,454 shares of the industrial products company's stock after selling 10,135 shares during the period. FORA Capital LLC's holdings in Roper Technologies were worth $3,805,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ROP. Vanguard Group Inc. boosted its position in Roper Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock valued at $6,318,678,000 after buying an additional 142,150 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Roper Technologies by 9.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company's stock valued at $3,515,984,000 after purchasing an additional 500,764 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Roper Technologies by 0.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company's stock worth $3,049,155,000 after buying an additional 20,238 shares during the period. Nuveen LLC acquired a new stake in Roper Technologies during the 1st quarter worth $894,764,000. Finally, Wellington Management Group LLP raised its stake in Roper Technologies by 92.3% during the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock worth $826,030,000 after buying an additional 672,306 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ROP. Mizuho set a $600.00 target price on Roper Technologies in a report on Friday, May 16th. Citigroup initiated coverage on Roper Technologies in a research note on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective on the stock. Royal Bank Of Canada increased their price target on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price target on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, William Blair started coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $636.36.

Insider Activity

In other news, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were 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 represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard F. Wallman sold 352 shares of the company'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 sale, the director owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

Shares of NYSE ROP traded down $0.28 during midday trading on Friday, reaching $526.31. 872,087 shares of the company were exchanged, compared to its average volume of 632,657. The stock's 50-day moving average price is $548.52 and its 200-day moving average price is $561.96. The stock has a market cap of $56.64 billion, a P/E ratio of 36.70, a PEG ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data 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 10.79% and a net margin of 22.01%.During the same period in the prior year, the business earned $4.48 earnings per share. The firm's revenue for the quarter 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. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

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.