Concurrent Investment Advisors LLC Increases Stake in Roper Technologies, Inc. $ROP

Concurrent Investment Advisors LLC boosted its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,393 shares of the industrial products company’s stock after purchasing an additional 66 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Roper Technologies were worth $2,490,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Johnson Investment Counsel Inc. grew its position in Roper Technologies by 1.9% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 157,812 shares of the industrial products company’s stock valued at $89,454,000 after purchasing an additional 2,954 shares during the last quarter. Apollon Wealth Management LLC grew its position in Roper Technologies by 5.4% during the 2nd quarter. Apollon Wealth Management LLC now owns 6,357 shares of the industrial products company’s stock valued at $3,603,000 after purchasing an additional 324 shares during the last quarter. Inspire Investing LLC grew its position in Roper Technologies by 6.9% during the 2nd quarter. Inspire Investing LLC now owns 10,998 shares of the industrial products company’s stock valued at $6,234,000 after purchasing an additional 708 shares during the last quarter. Aberdeen Group plc boosted its holdings in shares of Roper Technologies by 8.5% during the 2nd quarter. Aberdeen Group plc now owns 32,947 shares of the industrial products company’s stock valued at $18,676,000 after acquiring an additional 2,590 shares during the last quarter. Finally, Davis Rea LTD. boosted its holdings in shares of Roper Technologies by 0.3% during the 2nd quarter. Davis Rea LTD. now owns 8,930 shares of the industrial products company’s stock valued at $5,062,000 after acquiring an additional 26 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ROP shares. Royal Bank Of Canada raised their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Roper Technologies in a report on Wednesday, October 8th. 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 report 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 report on Wednesday, October 1st. Finally, Robert W. Baird raised their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $635.27.

Roper Technologies Price Performance

Shares of NASDAQ:ROP opened at $513.82 on Wednesday. The firm’s 50 day moving average price is $517.49 and its 200-day moving average price is $546.52. Roper Technologies, Inc. has a twelve month low of $492.25 and a twelve month high of $595.17. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $55.29 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 2.40 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. The firm had revenue of $1.88 billion for 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. Equities research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid 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 yield of 0.6%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.19%.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the sale, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a legal filing 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 that occurred 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 sale, the vice president owned 38,932 shares in the company, 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. 0.87% of the stock is currently owned by company insiders.

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.