Hahn Capital Management LLC Reduces Stake in Roper Technologies, Inc. $ROP

Key Points

• Hahn Capital Management LLC has decreased its stake in Roper Technologies, Inc. by 9.3%, now holding 10,477 shares worth approximately $6.18 million.
• Multiple research firms have set new price targets for Roper Technologies, with JPMorgan Chase & Co. raising its target from $561 to $577 and Citigroup initiating coverage with a target of $626.
• The company's quarterly dividend of $0.825 per share will be issued on October 17th, with a current annualized dividend yield of 0.6%.

Hahn Capital Management LLC lowered its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 9.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,477 shares of the industrial products company's stock after selling 1,069 shares during the quarter. Roper Technologies accounts for 3.0% of Hahn Capital Management LLC's holdings, making the stock its 19th largest holding. Hahn Capital Management LLC's holdings in Roper Technologies were worth $6,177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Endowment Wealth Management Inc. raised its holdings in shares of Roper Technologies by 3.4% in the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock valued at $327,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC raised its holdings in shares of Roper Technologies by 0.9% in the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock valued at $1,221,000 after buying an additional 19 shares during the period. My Legacy Advisors LLC raised its holdings in shares of Roper Technologies by 1.5% in the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after buying an additional 19 shares during the period. Smith Shellnut Wilson LLC ADV raised its holdings in shares of Roper Technologies by 2.7% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after buying an additional 20 shares during the period. Finally, Tritonpoint Wealth LLC raised its holdings in shares of Roper Technologies by 2.7% in the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock valued at $448,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ROP shares. JPMorgan Chase & Co. upped their price target on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Royal Bank Of Canada upped their price target on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Citigroup started coverage on Roper Technologies in a report on Wednesday, August 20th. They set a "buy" rating and a $626.00 price target on the stock. Truist Financial upped their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, Robert W. Baird upped their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $636.36.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the company'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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard F. Wallman sold 352 shares of the company'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 value of $195,800.00. Following 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. 0.78% of the stock is owned by corporate insiders.

Roper Technologies Stock Down 0.9%

Shares of NYSE:ROP traded down $4.85 on Friday, hitting $512.53. 615,447 shares of the company's stock were exchanged, compared to its average volume of 641,163. The firm's 50-day moving average is $538.14 and its 200 day moving average is $557.53. The company has a market capitalization of $55.16 billion, a PE ratio of 35.74, a P/E/G ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-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.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data 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 return on equity of 10.79% and a net margin of 22.01%.The company's revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced 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 of this dividend 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 is 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.