VIRGINIA RETIREMENT SYSTEMS ET Al Takes $15.08 Million Position in Roper Technologies, Inc. $ROP

Key Points

• Virginia Retirement Systems has acquired a new stake in Roper Technologies, purchasing 26,600 shares valued at approximately $15.08 million in the second quarter.
• According to recent filings, 93.31% of Roper Technologies' stock is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.
• Roper Technologies has set its FY 2025 EPS guidance at $19.750-20.000, with a 1-year stock price range between $492.25 to $595.17.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 26,600 shares of the industrial products company's stock, valued at approximately $15,078,000.

A number of other hedge funds have also modified their holdings of the business. Endowment Wealth Management Inc. raised its position in shares of Roper Technologies by 3.4% in the first quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock valued at $327,000 after buying an additional 18 shares during the last quarter. Fiduciary Alliance LLC increased its position in Roper Technologies by 0.8% during the second quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company's stock worth $1,329,000 after purchasing an additional 18 shares during the last quarter. Winch Advisory Services LLC increased its position in Roper Technologies by 2.2% during the first quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company's stock worth $557,000 after purchasing an additional 20 shares during the last quarter. Townsend Asset Management Corp NC ADV increased its position in Roper Technologies by 0.8% during the second quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company's stock worth $1,448,000 after purchasing an additional 20 shares during the last quarter. Finally, Sagespring Wealth Partners LLC increased its position in Roper Technologies by 2.9% during the second quarter. Sagespring Wealth Partners LLC now owns 718 shares of the industrial products company's stock worth $407,000 after purchasing an additional 20 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of the firm'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 transaction, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. The trade was 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 Price Performance

Shares of ROP opened at $504.52 on Monday. The firm has a 50-day simple moving average of $515.32 and a two-hundred day simple moving average of $544.43. 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, Inc. has a 1-year low of $492.25 and a 1-year high of $595.17. The stock has a market cap of $54.29 billion, a PE ratio of 35.45, a P/E/G ratio of 2.36 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 EPS for the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. The business 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. As a group, analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.7%. Roper Technologies's dividend payout ratio (DPR) is presently 23.19%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ROP shares. Royal Bank Of Canada raised their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Citigroup started coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They set a "buy" rating and a $626.00 price objective for the company. Weiss Ratings restated a "hold (c+)" rating on shares of Roper Technologies in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $541.00 price target (down from $577.00) on shares of Roper Technologies in a research report on Wednesday, October 15th. Finally, Robert W. Baird lifted their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and an average price target of $623.82.

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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