Roper Technologies, Inc. $ROP Stake Lowered by Mountain Pacific Investment Advisers LLC

Key Points

• Mountain Pacific Investment Advisers LLC reduced its stake in Roper Technologies by 0.9%, now holding 86,231 shares valued at approximately $48.9 million.
• Roper Technologies announced a quarterly dividend of $0.825 per share, to be paid on October 17th, representing a yield of 0.7% based on an annualized amount of $3.30.
• The company reported a 13.2% revenue increase year-over-year in its latest earnings release, exceeding consensus EPS estimates by $0.04.

Mountain Pacific Investment Advisers LLC lessened its stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,231 shares of the industrial products company's stock after selling 814 shares during the quarter. Roper Technologies accounts for 3.5% of Mountain Pacific Investment Advisers LLC's investment portfolio, making the stock its 7th largest position. Mountain Pacific Investment Advisers LLC owned approximately 0.08% of Roper Technologies worth $48,879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Saudi Central Bank purchased a new position in Roper Technologies in the 1st quarter valued at approximately $25,000. Banque Transatlantique SA acquired a new stake in Roper Technologies in the first quarter valued at $25,000. MorganRosel Wealth Management LLC purchased a new position in shares of Roper Technologies in the first quarter valued at $27,000. Olde Wealth Management LLC acquired a new position in shares of Roper Technologies during the 1st quarter worth $31,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Roper Technologies in the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Buying and Selling

In related news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the director directly owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This trade represents a 1.69% 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 Price Performance

ROP stock opened at $497.97 on Thursday. The stock has a market capitalization of $53.59 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40. Roper Technologies, Inc. has a 52-week low of $492.25 and a 52-week high of $595.17. The stock's fifty day simple moving average is $525.21 and its 200-day simple moving average is $551.05.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.Roper Technologies's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.48 EPS. 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 expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.7%. Roper Technologies's dividend payout ratio is 23.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ROP. Royal Bank Of Canada lifted their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Citigroup initiated coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a "buy" rating and a $626.00 price objective for the company. Truist Financial increased their target price on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Robert W. Baird raised their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Barclays reduced their price objective on Roper Technologies from $562.00 to $550.00 and set an "underweight" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $635.27.

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.

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