Mountain Pacific Investment Advisers LLC Sells 814 Shares of Roper Technologies, Inc. $ROP

Mountain Pacific Investment Advisers LLC lowered its stake in Roper Technologies, Inc. (NASDAQ:ROP) by 0.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 86,231 shares of the industrial products company’s stock after selling 814 shares during the quarter. Roper Technologies comprises about 3.5% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 7th largest position. Mountain Pacific Investment Advisers LLC’s holdings in Roper Technologies were worth $48,879,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROP. Saudi Central Bank purchased a new position in shares of Roper Technologies in the first quarter valued at $25,000. Banque Transatlantique SA purchased a new stake in Roper Technologies during the 1st quarter worth $25,000. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies in the 1st quarter worth $27,000. Olde Wealth Management LLC purchased a new position in Roper Technologies in the 1st quarter valued at about $31,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Roper Technologies during the first quarter worth about $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of analyst reports. Royal Bank Of Canada increased their price target on Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Citigroup assumed coverage on Roper Technologies in a research note on Wednesday, August 20th. They set a “buy” rating and a $626.00 target price for the company. Robert W. Baird upped 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. Barclays decreased their price objective on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, Truist Financial increased their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $635.27.

Roper Technologies Trading Down 0.1%

NASDAQ ROP opened at $497.97 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. Roper Technologies, Inc. has a one year low of $492.25 and a one year high of $595.17. The company has a 50-day simple moving average of $525.21 and a 200-day simple moving average of $551.05. The firm has a market capitalization of $53.59 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last issued its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. During the same period in the previous year, the company earned $4.48 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. 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, equities analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business 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 dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, October 3rd. Roper Technologies’s dividend payout ratio is presently 23.19%.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the sale, the director owned 20,510 shares of the company’s stock, valued at $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 business’s 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 transaction, the vice president directly owned 38,932 shares of the company’s stock, valued at $21,964,266.44. The trade was a 3.71% 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.

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.