Roper Technologies (NASDAQ:ROP) Hits New 1-Year Low - Here's What Happened

Key Points

• Roper Technologies' stock price hit a new 52-week low at $497.87 before closing at $499.30, marking a drop from the previous closing price of $505.68.
• Analysts have varied opinions on the stock, with a consensus rating of "Moderate Buy" and an average price target of $636.36, indicating potential for recovery.
• Roper Technologies announced a quarterly dividend of $0.825 per share, reflecting a 0.7% dividend yield, with a payout ratio of 23.19%.

Roper Technologies, Inc. (NASDAQ:ROP - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as $497.87 and last traded at $499.30, with a volume of 186931 shares changing hands. The stock had previously closed at $505.68.

Analyst Ratings Changes

Several analysts have weighed in on ROP shares. Citigroup began coverage on Roper Technologies in a report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 target price on the stock. Robert W. Baird increased their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Truist Financial increased their price objective on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Royal Bank Of Canada increased their price objective on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. One investment 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $636.36.

Roper Technologies Trading Down 2.0%

The business has a 50 day simple moving average of $530.65 and a 200-day simple moving average of $553.46. 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 capitalization of $53.33 billion, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 2.37 and a beta of 1.03.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $4.48 EPS. 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, equities analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is presently 23.19%.

Insider Activity

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

Institutional Investors Weigh In On Roper Technologies

Institutional investors have recently made changes to their positions in the company. CWA Asset Management Group LLC increased its holdings in shares of Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock valued at $453,000 after acquiring an additional 61 shares during the last quarter. Freedom Day Solutions LLC bought a new stake in shares of Roper Technologies in the 1st quarter valued at approximately $1,808,000. Tandem Investment Advisors Inc. boosted its position in Roper Technologies by 49.9% during the 1st quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock valued at $57,914,000 after purchasing an additional 32,694 shares during the period. GAMMA Investing LLC boosted its position in Roper Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock valued at $1,115,000 after purchasing an additional 819 shares during the period. Finally, Legacy Advisors LLC acquired a new position in Roper Technologies during the 1st quarter valued at approximately $264,000. 93.31% of the stock is currently owned by institutional investors.

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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