Royal Bank of Canada Sells 90,923 Shares of Roper Technologies, Inc. $ROP

Key Points

• Royal Bank of Canada reduced its stake in Roper Technologies by 14.6% in Q1, holding 530,114 shares valued at $312.55 million.
• Roper Technologies reported a 13.2% year-over-year revenue increase and beat earnings estimates with $4.87 EPS for its latest quarter.
• The company declared a quarterly dividend of $0.825, with a yield of 0.6%, set to be paid on October 17th.

Royal Bank of Canada lessened its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 14.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 530,114 shares of the industrial products company's stock after selling 90,923 shares during the quarter. Royal Bank of Canada owned about 0.49% of Roper Technologies worth $312,545,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Saudi Central Bank acquired a new stake in Roper Technologies in the first quarter worth approximately $25,000. MorganRosel Wealth Management LLC bought a new position in Roper Technologies during the first quarter valued at about $27,000. Putney Financial Group LLC bought a new position in Roper Technologies during the fourth quarter valued at about $31,000. Olde Wealth Management LLC bought a new stake in shares of Roper Technologies in the 1st quarter worth approximately $31,000. Finally, Wayfinding Financial LLC bought a new stake in Roper Technologies in the 1st quarter valued at $31,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

Shares of NYSE:ROP traded up $5.14 during trading on Wednesday, hitting $524.13. 712,930 shares of the company were exchanged, compared to its average volume of 633,427. 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, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a market capitalization of $56.40 billion, a P/E ratio of 36.55, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The business's 50 day moving average is $545.11 and its 200-day moving average is $560.59.

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 for the quarter, beating 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%. During the same period in the prior year, the company earned $4.48 earnings per share. The company's revenue 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. Equities analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. 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 payout ratio is presently 23.19%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ROP. Robert W. Baird upped their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Truist Financial raised their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Royal Bank Of Canada upped their price target 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 began coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $636.36.

Insider Buying and Selling at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were 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 in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. 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 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 transaction, the director 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.87% 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.