Trexquant Investment LP Acquires Shares of 12,572 Roper Technologies, Inc. $ROP

Key Points

• Trexquant Investment LP made a new investment of approximately $7.41 million in Roper Technologies by acquiring 12,572 shares during the first quarter.
• Roper Technologies reported a 13.2% year-over-year revenue increase and an earnings per share of $4.87, surpassing analyst expectations.
• The company has declared a quarterly dividend of $0.825, reflecting an annualized yield of 0.6%, with the ex-dividend date set for October 3rd.

Trexquant Investment LP bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,572 shares of the industrial products company's stock, valued at approximately $7,412,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Landscape Capital Management L.L.C. increased its holdings in shares of Roper Technologies by 174.3% during the 1st quarter. Landscape Capital Management L.L.C. now owns 2,400 shares of the industrial products company's stock worth $1,415,000 after purchasing an additional 1,525 shares during the period. OMERS ADMINISTRATION Corp increased its stake in Roper Technologies by 54.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 24,960 shares of the industrial products company's stock valued at $14,716,000 after acquiring an additional 8,814 shares during the period. BNP Paribas Financial Markets increased its stake in Roper Technologies by 20.0% in the first quarter. BNP Paribas Financial Markets now owns 383,373 shares of the industrial products company's stock valued at $226,029,000 after acquiring an additional 63,988 shares during the period. Silvant Capital Management LLC increased its stake in Roper Technologies by 0.6% in the first quarter. Silvant Capital Management LLC now owns 8,344 shares of the industrial products company's stock valued at $4,919,000 after acquiring an additional 50 shares during the period. Finally, Ieq Capital LLC increased its stake in Roper Technologies by 49.4% in the first quarter. Ieq Capital LLC now owns 11,373 shares of the industrial products company's stock valued at $6,706,000 after acquiring an additional 3,763 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, 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 transaction of $195,800.00. Following the completion of the transaction, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the business'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 sale, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Performance

Shares of ROP stock traded up $1.11 during midday trading on Thursday, hitting $525.24. 176,157 shares of the company were exchanged, compared to its average volume of 630,604. The firm has a market capitalization of $56.52 billion, a P/E ratio of 36.63, a PEG ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The firm's 50 day moving average price is $545.11 and its two-hundred day moving average price is $560.59. 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 issued its quarterly earnings data 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 net margin of 22.01% and a return on equity of 10.79%. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous 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. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed 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. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio is currently 23.19%.

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.