Valeo Financial Advisors LLC Buys Shares of 626 Roper Technologies, Inc. $ROP

Key Points

• Valeo Financial Advisors LLC purchased 626 shares of Roper Technologies, Inc. for approximately $355,000, indicating growing interest from institutional investors in the company.
• The company's market capitalization is $55.75 billion, with a price-to-earnings ratio of 36.41, highlighting its high valuation in the industrial products sector.
• Roper Technologies has declared a quarterly dividend of $0.825 per share, reflecting a yield of 0.6% and demonstrating its commitment to returning value to shareholders.

Valeo Financial Advisors LLC bought a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 626 shares of the industrial products company's stock, valued at approximately $355,000.

A number of other hedge funds have also added to or reduced their stakes in ROP. Nuveen LLC purchased a new position in Roper Technologies during the 1st quarter valued at about $894,764,000. Wellington Management Group LLP grew its holdings in Roper Technologies by 92.3% during 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 in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Roper Technologies by 9.2% during 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 in the last quarter. Swedbank AB grew its holdings in shares of Roper Technologies by 201.6% during the second quarter. Swedbank AB now owns 675,513 shares of the industrial products company's stock worth $382,908,000 after purchasing an additional 451,549 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Roper Technologies by 65.0% during the first quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company's stock worth $377,407,000 after purchasing an additional 252,056 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

NASDAQ:ROP opened at $518.07 on Friday. The business has a 50 day moving average of $519.31 and a 200 day moving average of $548.28. The company has a market capitalization of $55.75 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 2.44 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 company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43.

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

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given 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 payout ratio is presently 23.19%.

Analyst Ratings Changes

Several brokerages have recently commented on ROP. Royal Bank Of Canada boosted their price objective on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Truist Financial boosted their price objective on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Barclays cut their price objective on Roper Technologies from $562.00 to $550.00 and set an "underweight" rating for the company in a report on Wednesday, October 1st. Citigroup began coverage on Roper Technologies in a report on Wednesday, August 20th. They set a "buy" rating and a $626.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $635.27.

Insider Activity at Roper Technologies

In other Roper Technologies news, 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 value of $846,255.00. Following the completion of the sale, the vice president 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 document filed with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the director owned 20,510 shares of the company's stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.78% of the company's stock.

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.

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