Private Trust Co. NA Sells 29 Shares of Roper Technologies, Inc. $ROP

Private Trust Co. NA cut its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 8.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 330 shares of the industrial products company’s stock after selling 29 shares during the period. Private Trust Co. NA’s holdings in Roper Technologies were worth $187,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Endowment Wealth Management Inc. increased its holdings in shares of Roper Technologies by 3.4% during the first quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company’s stock valued at $327,000 after acquiring an additional 18 shares in the last quarter. Fiduciary Alliance LLC boosted its position in shares of Roper Technologies by 0.8% during the second quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company’s stock valued at $1,329,000 after buying an additional 18 shares during the last quarter. Winch Advisory Services LLC boosted its position in shares of Roper Technologies by 2.2% during the first quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company’s stock valued at $557,000 after buying an additional 20 shares during the last quarter. Townsend Asset Management Corp NC ADV boosted its position in shares of Roper Technologies by 0.8% during the second quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company’s stock valued at $1,448,000 after buying an additional 20 shares during the last quarter. Finally, Sagespring Wealth Partners LLC boosted its position in shares of Roper Technologies by 2.9% during the second quarter. Sagespring Wealth Partners LLC now owns 718 shares of the industrial products company’s stock valued at $407,000 after buying an additional 20 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Up 1.7%

Shares of NASDAQ:ROP opened at $514.52 on Wednesday. The stock has a market capitalization of $55.37 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 2.37 and a beta of 1.00. 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 stock’s 50-day simple moving average is $514.79 and its two-hundred day simple moving average is $543.97. Roper Technologies, Inc. has a 52-week low of $492.25 and a 52-week high of $595.17.

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

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies’s dividend payout ratio (DPR) is 23.19%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ROP shares. Mizuho dropped their price objective on Roper Technologies from $600.00 to $510.00 and set a “neutral” rating on the stock in a research report on Friday. Royal Bank Of Canada increased their price objective on Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Robert W. Baird increased their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Citigroup initiated coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 target price on the stock. Finally, Truist Financial raised their target price on Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. One research 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $623.82.

About Roper Technologies

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.