Roper Technologies, Inc. $ROP Shares Sold by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. reduced its holdings in Roper Technologies by 16.9%, now owning 115,242 shares valued at approximately $65.32 million.
• Roper Technologies announced a quarterly dividend of $0.825 per share, with an ex-dividend date of October 3rd, yielding 0.6% annually.
• Analysts have upgraded their price targets for Roper Technologies, with Royal Bank of Canada increasing their target from $695.00 to $703.00 while maintaining an "outperform" rating.

Vontobel Holding Ltd. cut its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 16.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,242 shares of the industrial products company's stock after selling 23,513 shares during the period. Vontobel Holding Ltd. owned approximately 0.11% of Roper Technologies worth $65,324,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Maryland State Retirement & Pension System lifted its stake in Roper Technologies by 4.5% during the second quarter. Maryland State Retirement & Pension System now owns 5,218 shares of the industrial products company's stock valued at $2,958,000 after purchasing an additional 226 shares during the last quarter. Nelson Capital Management LLC grew its holdings in shares of Roper Technologies by 0.9% during the second quarter. Nelson Capital Management LLC now owns 9,669 shares of the industrial products company's stock valued at $5,481,000 after buying an additional 88 shares in the last quarter. Mirova US LLC grew its holdings in shares of Roper Technologies by 3.5% during the second quarter. Mirova US LLC now owns 733,544 shares of the industrial products company's stock valued at $415,802,000 after buying an additional 24,995 shares in the last quarter. Triasima Portfolio Management inc. grew its holdings in shares of Roper Technologies by 1,372.4% during the second quarter. Triasima Portfolio Management inc. now owns 5,772 shares of the industrial products company's stock valued at $3,272,000 after buying an additional 5,380 shares in the last quarter. Finally, Shell Asset Management Co. grew its holdings in shares of Roper Technologies by 15.1% during the second quarter. Shell Asset Management Co. now owns 2,402 shares of the industrial products company's stock valued at $1,362,000 after buying an additional 316 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the transaction, the director directly owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies 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 sale, the vice president owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

Roper Technologies Stock Performance

NASDAQ ROP opened at $520.00 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43. The firm has a market capitalization of $55.96 billion, a price-to-earnings ratio of 36.54, a P/E/G ratio of 2.40 and a beta of 1.00. The company's fifty day moving average is $519.96 and its two-hundred day moving average is $548.69. Roper Technologies, Inc. has a 52-week low of $492.25 and a 52-week high of $595.17.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have 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 company an "outperform" rating in a research note on Tuesday, July 22nd. Truist Financial increased their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Robert W. Baird increased their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Barclays dropped their price target on shares of Roper Technologies from $562.00 to $550.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 1st. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Roper Technologies in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $635.27.

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.

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