ZWJ Investment Counsel Inc. Raises Stake in Roper Technologies, Inc. $ROP

Key Points

• ZWJ Investment Counsel Inc. increased its stake in Roper Technologies, Inc. by 1.9%, now holding 68,882 shares valued at approximately $39 million, making it the fund's 27th largest holding.
• Insider sales include VP John K. Stipancich selling 1,500 shares for $846,255, while Director Richard F. Wallman sold 352 shares for $195,800, indicating movements in executive ownership.
• Roper Technologies announced a quarterly dividend of $0.825 per share, with the ex-dividend date set for October 3rd, reflecting a 0.7% yield and a payout ratio of 23.19%.

ZWJ Investment Counsel Inc. boosted its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 68,882 shares of the industrial products company's stock after purchasing an additional 1,305 shares during the period. Roper Technologies makes up 1.5% of ZWJ Investment Counsel Inc.'s investment portfolio, making the stock its 27th largest holding. ZWJ Investment Counsel Inc. owned about 0.06% of Roper Technologies worth $39,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Saudi Central Bank purchased a new stake in shares of Roper Technologies in the first quarter valued at about $25,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Roper Technologies in the first quarter valued at about $27,000. Banque Transatlantique SA purchased a new stake in shares of Roper Technologies in the first quarter valued at about $25,000. Olde Wealth Management LLC purchased a new stake in shares of Roper Technologies in the first quarter valued at about $31,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Roper Technologies in the first quarter valued at about $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated 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 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 legal filing with the SEC, which is accessible through this link. Also, Director Richard F. Wallman sold 352 shares of the company'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 transaction of $195,800.00. Following the transaction, the director directly owned 20,510 shares in the company, 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.

Analyst Upgrades and Downgrades

ROP has been the topic of several analyst reports. Barclays lowered their target price on shares of Roper Technologies from $562.00 to $550.00 and set an "underweight" rating on the stock in a report on Wednesday. Weiss Ratings reiterated a "hold (c+)" rating on shares of Roper Technologies in a research note on Saturday, September 27th. Citigroup started coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective for the company. Truist Financial raised their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $635.27.

Roper Technologies Stock Performance

Shares of ROP opened at $499.95 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The stock has a market cap of $53.80 billion, a P/E ratio of 35.13, a PEG ratio of 2.34 and a beta of 1.00. The company has a 50-day moving average of $522.70 and a two-hundred day moving average of $549.98. Roper Technologies, Inc. has a 12-month low of $492.25 and a 12-month high of $595.17.

Roper Technologies (NASDAQ:ROP - Get Free Report) last announced its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company 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. As a group, research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders 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 yield of 0.7%. Roper Technologies's 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.

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