Checchi Capital Advisers LLC Trims Stock Position in Roper Technologies, Inc. $ROP

Checchi Capital Advisers LLC trimmed its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 919 shares of the industrial products company’s stock after selling 34 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Roper Technologies were worth $521,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ROP. Vanguard Group Inc. boosted its stake in shares of Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company’s stock worth $6,318,678,000 after buying an additional 142,150 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Roper Technologies by 9.2% in the first 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 acquiring an additional 500,764 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Roper Technologies by 0.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company’s stock worth $3,049,155,000 after purchasing an additional 20,238 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Roper Technologies during the 1st quarter worth approximately $894,764,000. Finally, Wellington Management Group LLP increased its holdings in shares of 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 purchasing an additional 672,306 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, the director directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were 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 owned 38,932 shares of the company’s stock, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 1.4%

Shares of Roper Technologies stock opened at $506.99 on Tuesday. 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, Inc. has a twelve month low of $492.25 and a twelve month high of $595.17. The firm has a market capitalization of $54.56 billion, a PE ratio of 35.63, a P/E/G ratio of 2.35 and a beta of 1.00. The firm’s 50-day moving average price is $521.65 and its 200 day moving average price is $549.15.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.During the same quarter last year, the company posted $4.48 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. 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, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies’s dividend payout ratio is currently 23.19%.

Wall Street Analyst Weigh In

Several analysts recently commented on ROP shares. JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Roper Technologies in a research note on Saturday, September 27th. Truist Financial lifted their price target on Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Barclays reduced their price target on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a report on Wednesday, October 1st. Finally, Robert W. Baird raised their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $635.27.

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.