TrueMark Investments LLC Buys New Position in Roper Technologies, Inc. $ROP

TrueMark Investments LLC bought a new stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 640 shares of the industrial products company's stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROP. Nuveen LLC acquired a new stake in Roper Technologies in the 1st quarter valued at approximately $894,764,000. Wellington Management Group LLP raised its position in Roper Technologies by 92.3% in the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock valued at $826,030,000 after buying an additional 672,306 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Roper Technologies by 9.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company's stock valued at $3,515,984,000 after buying an additional 500,764 shares during the last quarter. Swedbank AB raised its position in Roper Technologies by 201.6% in the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company's stock valued at $382,908,000 after buying an additional 451,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Roper Technologies by 65.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company's stock valued at $377,407,000 after buying an additional 252,056 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Up 0.9%

ROP stock opened at $504.52 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $54.29 billion, a PE ratio of 35.45, a PEG ratio of 2.36 and a beta of 1.00. Roper Technologies, Inc. has a 1-year low of $492.25 and a 1-year high of $595.17. The business's 50 day simple moving average is $515.32 and its 200 day simple moving average is $544.43.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. The business had revenue of $1.88 billion for the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. As a group, research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.7%. Roper Technologies's payout ratio is presently 23.19%.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction on 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 directly owned 20,510 shares of the company's stock, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction on 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 directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ROP. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $541.00 price objective (down previously from $577.00) on shares of Roper Technologies in a research note on Wednesday, October 15th. Truist Financial upped 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 on the stock. Barclays dropped their price objective on 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, Mizuho dropped their price objective on Roper Technologies from $600.00 to $510.00 and set a "neutral" rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $623.82.

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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