Schmidt P J Investment Management Inc. Sells 209 Shares of Roper Technologies, Inc. $ROP

Schmidt P J Investment Management Inc. decreased 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 Securities & Exchange Commission. The fund owned 6,651 shares of the industrial products company’s stock after selling 209 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Roper Technologies were worth $3,770,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Saudi Central Bank bought a new position in shares of Roper Technologies in the first quarter worth about $25,000. MorganRosel Wealth Management LLC bought a new position in shares of Roper Technologies in the first quarter worth about $27,000. Banque Transatlantique SA bought a new position in shares of Roper Technologies in the first quarter worth about $25,000. Olde Wealth Management LLC bought a new position in shares of Roper Technologies in the first quarter worth about $31,000. Finally, Wayfinding Financial LLC bought a new position in shares of Roper Technologies in the first quarter worth about $31,000. Institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ROP shares. Barclays cut their price target on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a report on Wednesday, October 1st. Royal Bank Of Canada cut shares of Roper Technologies from an “outperform” rating to a “sector perform” rating in a report on Monday. Raymond James Financial cut their price target on shares of Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating on the stock in a report on Friday. Oppenheimer reaffirmed an “outperform” rating and issued a $570.00 price objective on shares of Roper Technologies in a research note on Thursday. Finally, Truist Financial set a $650.00 price objective on shares of Roper Technologies in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $590.25.

Roper Technologies Stock Down 0.2%

NASDAQ:ROP opened at $478.80 on Monday. Roper Technologies, Inc. has a 1-year low of $456.98 and a 1-year high of $595.17. The company has a 50-day moving average of $512.60 and a 200 day moving average of $543.18. The firm has a market cap of $51.53 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 2.29 and a beta of 1.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.58 and a quick ratio of 0.53.

Roper Technologies (NASDAQ:ROP) last released its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.11 by $0.03. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.62 earnings per share. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. As a group, research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were given 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 of this dividend was Friday, October 3rd. Roper Technologies’s dividend payout ratio is presently 22.74%.

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.