Roper Technologies, Inc. $ROP Shares Bought by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP increased its holdings in Roper Technologies by 53.3%, acquiring 4,139 shares to bring its total to 11,903 shares, with a value of $7,018,000 as of the latest reporting period.
• Several large investors also increased their positions in Roper Technologies, with Nuveen LLC investing nearly $894.8 million and GAMMA Investing LLC boosting its holdings by over 100,000%, indicating strong institutional interest in the stock.
• Wall Street analysts are optimistic about Roper Technologies, with most rating it as a "Buy" or "Outperform" and setting average price targets around $636.36.

Voleon Capital Management LP lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 53.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,903 shares of the industrial products company's stock after purchasing an additional 4,139 shares during the quarter. Voleon Capital Management LP's holdings in Roper Technologies were worth $7,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Saudi Central Bank purchased a new position in Roper Technologies during the first quarter worth about $25,000. Banque Transatlantique SA acquired a new position in shares of Roper Technologies in the 1st quarter worth approximately $25,000. MorganRosel Wealth Management LLC purchased a new position in shares of Roper Technologies during the 1st quarter worth approximately $27,000. Putney Financial Group LLC purchased a new position in shares of Roper Technologies during the 4th quarter worth approximately $31,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Roper Technologies during the 1st quarter worth approximately $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 0.8%

NYSE ROP traded up $4.15 during trading hours on Thursday, hitting $517.38. 849,658 shares of the company were exchanged, compared to its average volume of 641,311. The company has a 50 day moving average of $540.46 and a two-hundred day moving average of $558.68. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The firm has a market cap of $55.68 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results 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 return on equity of 10.79% and a net margin of 22.01%.During the same quarter in the prior year, the business posted $4.48 EPS. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

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

Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the transaction, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction dated 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 in the company, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Mizuho set a $600.00 price objective on shares of Roper Technologies in a research report on Friday, May 16th. Citigroup started coverage on Roper Technologies in a report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective on the stock. Royal Bank Of Canada boosted their price objective on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, Robert W. Baird boosted their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $636.36.

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.