North Point Portfolio Managers Corp OH Cuts Stake in Roper Technologies, Inc. $ROP

North Point Portfolio Managers Corp OH reduced its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,859 shares of the industrial products company’s stock after selling 455 shares during the period. Roper Technologies comprises 2.3% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 18th largest holding. North Point Portfolio Managers Corp OH’s holdings in Roper Technologies were worth $13,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ROP. Nuveen LLC acquired a new stake in shares of Roper Technologies in the 1st quarter valued at $894,764,000. Wellington Management Group LLP raised its holdings in shares of Roper Technologies by 92.3% in 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. Price T Rowe Associates Inc. MD raised its holdings in shares of Roper Technologies by 9.2% in 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 purchasing an additional 500,764 shares in the last quarter. Swedbank AB raised its holdings in shares of Roper Technologies by 201.6% in the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company’s stock valued at $382,908,000 after purchasing an additional 451,549 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Roper Technologies by 65.0% in 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 purchasing an additional 252,056 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of 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 this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president owned 38,932 shares of the company’s stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Roper Technologies in a report on Wednesday, October 8th. Royal Bank Of Canada increased their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Mizuho dropped their target price on shares of Roper Technologies from $600.00 to $510.00 and set a “neutral” rating on the stock in a research report on Friday. Robert W. Baird increased their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $541.00 target price (down from $577.00) on shares of Roper Technologies in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $623.82.

Roper Technologies Trading Up 0.9%

Shares of Roper Technologies stock opened at $504.52 on Monday. Roper Technologies, Inc. has a 1 year low of $492.25 and a 1 year high of $595.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. The company has a market capitalization of $54.29 billion, a P/E ratio of 35.45, a PEG ratio of 2.36 and a beta of 1.00. The company’s fifty day moving average is $515.32 and its two-hundred day moving average is $544.43.

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

Roper Technologies Dividend Announcement

The firm also recently disclosed 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 yield of 0.7%. The ex-dividend date of this dividend was Friday, October 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 23.19%.

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.