Roper Technologies, Inc. $ROP Shares Bought by Drake & Associates LLC

Drake & Associates LLC lifted its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 44.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,187 shares of the industrial products company’s stock after acquiring an additional 364 shares during the quarter. Drake & Associates LLC’s holdings in Roper Technologies were worth $673,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Appleton Partners Inc. MA lifted its holdings in shares of Roper Technologies by 0.3% during the second quarter. Appleton Partners Inc. MA now owns 22,655 shares of the industrial products company’s stock valued at $12,842,000 after purchasing an additional 79 shares during the last quarter. Fenimore Asset Management Inc lifted its stake in Roper Technologies by 4.2% during the second quarter. Fenimore Asset Management Inc now owns 48,994 shares of the industrial products company’s stock valued at $27,772,000 after buying an additional 1,976 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Roper Technologies in the second quarter worth about $355,000. Running Oak Capital LLC increased its position in shares of Roper Technologies by 6.4% in the second quarter. Running Oak Capital LLC now owns 28,463 shares of the industrial products company’s stock worth $16,134,000 after acquiring an additional 1,703 shares in the last quarter. Finally, OLD National Bancorp IN raised its holdings in shares of Roper Technologies by 14.2% during the second quarter. OLD National Bancorp IN now owns 401 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 50 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 352 shares of the company’s 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 completion of the sale, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 1.4%

ROP opened at $506.99 on Tuesday. The company has a market capitalization of $54.56 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 2.35 and a beta of 1.00. 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 fifty-two week low of $492.25 and a fifty-two week high of $595.17. The business has a 50-day moving average of $521.65 and a 200-day moving average of $549.15.

Roper Technologies (NASDAQ:ROP) 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 firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $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. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued 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 0.7%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.19%.

Analyst Ratings Changes

ROP has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Barclays decreased their target price on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a research report on Wednesday, October 1st. Truist Financial upped their price target on Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Citigroup began coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Roper Technologies in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $635.27.

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.