Roper Technologies, Inc. $ROP Shares Sold by Courier Capital LLC

Courier Capital LLC lowered its position in Roper Technologies, Inc. (NASDAQ:ROP) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,218 shares of the industrial products company’s stock after selling 20 shares during the period. Courier Capital LLC’s holdings in Roper Technologies were worth $690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC acquired a new stake in Roper Technologies during the 1st quarter valued at $894,764,000. Wellington Management Group LLP grew its holdings in Roper Technologies by 92.3% during the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company’s stock valued at $826,030,000 after buying an additional 672,306 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Roper Technologies by 9.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock valued at $3,515,984,000 after buying an additional 500,764 shares during the last quarter. Swedbank AB grew its holdings in Roper Technologies by 201.6% during the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company’s stock valued at $382,908,000 after buying an additional 451,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Roper Technologies by 65.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company’s stock valued at $377,407,000 after buying an additional 252,056 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.2%

Shares of ROP opened at $513.82 on Wednesday. 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 firm has a market capitalization of $55.29 billion, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 2.40 and a beta of 1.00. The stock’s fifty day simple moving average is $517.49 and its 200 day simple moving average is $546.52. Roper Technologies, Inc. has a twelve month low of $492.25 and a twelve month high of $595.17.

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

Roper Technologies Dividend Announcement

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 $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies’s dividend payout ratio is currently 23.19%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada increased their price target on Roper Technologies from $695.00 to $703.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Roper Technologies in a research note on Wednesday, October 8th. Citigroup assumed coverage on Roper Technologies in a research note on Wednesday, August 20th. They set a “buy” rating and a $626.00 price target on the stock. Finally, Truist Financial increased their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $635.27.

Insider Buying and Selling at Roper Technologies

In related news, 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 completion of the sale, the director directly owned 20,510 shares in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were 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 of the company’s stock, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

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.