Stony Point Capital LLC Makes New $5.09 Million Investment in Roper Technologies, Inc. $ROP

Key Points

• Stony Point Capital LLC has acquired a new stake in Roper Technologies, purchasing 8,636 shares valued at approximately $5.09 million.
• The stock has received predominantly positive analyst ratings, with a consensus rating of "Moderate Buy" and a price target of $636.36.
• Roper Technologies announced a quarterly dividend of $0.825 per share, representing an annualized yield of 0.6% for shareholders of record on October 3rd.

Stony Point Capital LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,636 shares of the industrial products company's stock, valued at approximately $5,092,000.

A number of other large investors have also modified their holdings of the company. Vident Advisory LLC raised its stake in shares of Roper Technologies by 12.2% in the first quarter. Vident Advisory LLC now owns 4,239 shares of the industrial products company's stock valued at $2,499,000 after purchasing an additional 461 shares in the last quarter. Evergreen Capital Management LLC raised its stake in Roper Technologies by 25.5% during the first quarter. Evergreen Capital Management LLC now owns 704 shares of the industrial products company's stock worth $415,000 after acquiring an additional 143 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Roper Technologies by 0.7% during the first quarter. The Manufacturers Life Insurance Company now owns 354,154 shares of the industrial products company's stock worth $208,800,000 after acquiring an additional 2,588 shares in the last quarter. Magnetar Financial LLC raised its stake in Roper Technologies by 24.6% during the first quarter. Magnetar Financial LLC now owns 14,429 shares of the industrial products company's stock worth $8,507,000 after acquiring an additional 2,848 shares in the last quarter. Finally, WPG Advisers LLC acquired a new position in Roper Technologies during the first quarter worth $55,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ROP. Robert W. Baird increased their price objective on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Truist Financial increased their price objective on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Citigroup began coverage on Roper Technologies in a research note on Wednesday, August 20th. They set a "buy" rating and a $626.00 price objective for the company. Royal Bank Of Canada increased their price objective on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $636.36.

Insider Activity

In related news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was 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 in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of 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 position. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

Roper Technologies Price Performance

Shares of ROP stock traded up $0.43 during trading hours on Wednesday, hitting $519.42. 266,462 shares of the company's stock were exchanged, compared to its average volume of 630,712. The stock's 50-day moving average is $545.97 and its 200-day moving average is $560.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a market cap of $55.90 billion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

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 (EPS) for the quarter, beating 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 business's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, 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 $0.825 dividend. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.6%. Roper Technologies's dividend payout ratio (DPR) is currently 23.19%.

Roper Technologies 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.