Woodline Partners LP Lowers Holdings in Roper Technologies, Inc. $ROP

Key Points

• Woodline Partners LP significantly reduced its stake in Roper Technologies, Inc. by 77.7%, owning 16,899 shares after selling 58,952 shares, valued at approximately $9.96 million.
• Analysts have raised their price targets for Roper Technologies, with JPMorgan increasing it from $561 to $577, and Royal Bank of Canada raising it from $695 to $703, indicating positive sentiment around the stock.
• Roper Technologies recently announced a quarterly dividend of $0.825 per share, set to be paid on October 17th, reflecting a dividend yield of 0.6%.

Woodline Partners LP trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 77.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 16,899 shares of the industrial products company's stock after selling 58,952 shares during the period. Woodline Partners LP's holdings in Roper Technologies were worth $9,963,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Endowment Wealth Management Inc. grew its position in Roper Technologies by 3.4% in the first quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock worth $327,000 after acquiring an additional 18 shares during the period. Meridian Financial Partners LLC grew its position in Roper Technologies by 0.9% in the first quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock worth $1,221,000 after acquiring an additional 19 shares during the period. My Legacy Advisors LLC boosted its position in shares of Roper Technologies by 1.5% during the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock worth $751,000 after buying an additional 19 shares during the period. Smith Shellnut Wilson LLC ADV boosted its position in shares of Roper Technologies by 2.7% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after buying an additional 20 shares during the period. Finally, Tritonpoint Wealth LLC boosted its position in shares of Roper Technologies by 2.7% during the first quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock worth $448,000 after buying an additional 20 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on ROP shares. JPMorgan Chase & Co. raised their price target on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Truist Financial raised their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Mizuho set a $600.00 price target on Roper Technologies in a research report on Friday, May 16th. Royal Bank Of Canada raised their price target on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Robert W. Baird raised their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $636.36.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies 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 sale, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Roper Technologies Stock Up 0.8%

Roper Technologies stock opened at $517.38 on Friday. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year 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 stock has a market cap of $55.68 billion, a PE ratio of 36.08, a P/E/G ratio of 2.77 and a beta of 1.03. The stock's fifty day moving average is $539.35 and its two-hundred day moving average is $558.27.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share 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%.During the same period in the previous year, the firm earned $4.48 EPS. The business's revenue 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. On average, sell-side analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.825 per share. 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 payout ratio is 23.19%.

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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