Van Hulzen Asset Management LLC Sells 10,145 Shares of Roper Technologies, Inc. $ROP

Key Points

• Van Hulzen Asset Management LLC reduced its stake in Roper Technologies by 48.6%, selling 10,145 shares and leaving it with 10,712 shares valued at approximately $6.3 million.
• Multiple institutional investors have increased their holdings in Roper Technologies, with Nuveen LLC investing nearly $895 million in a new stake during the first quarter.
• Roper Technologies recently declared a quarterly dividend of $0.825 per share, which will be paid on October 17th, reflecting a 0.6% dividend yield.

Van Hulzen Asset Management LLC reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 48.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,712 shares of the industrial products company's stock after selling 10,145 shares during the period. Van Hulzen Asset Management LLC's holdings in Roper Technologies were worth $6,316,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth approximately $203,000. Stifel Financial Corp lifted its position in shares of Roper Technologies by 5.5% in the fourth quarter. Stifel Financial Corp now owns 54,800 shares of the industrial products company's stock valued at $28,494,000 after buying an additional 2,879 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in Roper Technologies by 2.1% during the fourth quarter. OneDigital Investment Advisors LLC now owns 1,021 shares of the industrial products company's stock worth $531,000 after buying an additional 21 shares in the last quarter. Harvest Investment Services LLC acquired a new stake in Roper Technologies during the fourth quarter worth approximately $213,000. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Roper Technologies by 5.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,853 shares of the industrial products company's stock valued at $3,043,000 after purchasing an additional 325 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

ROP has been the topic of several recent research reports. Mizuho set a $600.00 target price on Roper Technologies in a report on Friday, May 16th. Truist Financial lifted their price objective on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. William Blair initiated coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating for the company. Citigroup initiated coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $636.36.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of the 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 owned 20,510 shares of the company's stock, valued at $11,408,687.50. This 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 through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the 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 position. The disclosure for this sale can be found here. Company insiders own 0.87% of the company's stock.

Roper Technologies Stock Up 0.4%

Shares of ROP stock traded up $2.21 during trading hours on Wednesday, reaching $526.66. The company had a trading volume of 219,917 shares, compared to its average volume of 627,404. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. 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 business has a fifty day simple moving average of $549.64 and a 200-day simple moving average of $562.53. The company has a market cap of $56.68 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.The firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. On average, research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio is presently 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.