Roper Technologies, Inc. $ROP Shares Sold by US Bancorp DE

US Bancorp DE trimmed its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,657 shares of the industrial products company’s stock after selling 1,737 shares during the period. US Bancorp DE owned about 0.05% of Roper Technologies worth $31,548,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ROP. Brighton Jones LLC purchased a new stake in shares of Roper Technologies during the fourth quarter worth approximately $203,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Roper Technologies during the first quarter worth approximately $1,388,000. Wealthcare Advisory Partners LLC increased its stake in shares of Roper Technologies by 8.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 439 shares of the industrial products company’s stock worth $259,000 after buying an additional 33 shares during the period. GAMMA Investing LLC increased its stake in shares of Roper Technologies by 76.4% during the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock worth $1,115,000 after buying an additional 819 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Roper Technologies by 1.0% in the first quarter. Assenagon Asset Management S.A. now owns 3,067 shares of the industrial products company’s stock valued at $1,808,000 after purchasing an additional 30 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

ROP stock opened at $509.00 on Friday. The company has a market capitalization of $54.77 billion, a P/E ratio of 35.77, a PEG ratio of 2.43 and a beta of 1.00. Roper Technologies, Inc. has a twelve month low of $492.25 and a twelve month high of $595.17. The business has a 50 day simple moving average of $518.65 and a 200-day simple moving average of $547.80. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. The business had revenue of $1.88 billion during the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.19%.

Insider Buying and Selling at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, the vice president directly owned 38,932 shares of the company’s stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the sale, the director directly owned 20,510 shares of the company’s stock, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on ROP. JPMorgan Chase & Co. increased their price target 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Roper Technologies in a research note on Wednesday. Truist Financial increased their price target 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. Barclays dropped their price target on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Finally, Citigroup began coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $635.27.

About Roper Technologies

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.