Roper Technologies, Inc. $ROP Shares Sold by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.4% during the first quarter, Holdings Channel.com reports. The fund owned 6,860 shares of the industrial products company’s stock after selling 316 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Roper Technologies were worth $4,044,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Roper Technologies by 1.3% during 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 acquiring an additional 142,150 shares during the period. Price T Rowe Associates Inc. MD increased its stake in 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 worth $3,515,984,000 after purchasing an additional 500,764 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake 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 purchased a new position in Roper Technologies in the 1st quarter worth about $894,764,000. Finally, Wellington Management Group LLP increased its stake in 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 worth $826,030,000 after purchasing an additional 672,306 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ROP. Robert W. Baird lifted their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Citigroup began coverage on Roper Technologies in a research note on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price target on the stock. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. JPMorgan Chase & Co. lifted their price target on Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Finally, Truist Financial lifted their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $636.36.

Roper Technologies Trading Down 0.7%

Shares of NYSE ROP opened at $519.67 on Wednesday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The firm has a market capitalization of $55.92 billion, a PE ratio of 36.24, a PEG ratio of 2.77 and a beta of 1.03. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $541.52 and a two-hundred day moving average price of $558.99.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping analysts’ consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.During the same quarter last year, the firm posted $4.48 earnings per share. Roper Technologies’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. As a group, analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies’s payout ratio is currently 23.19%.

Insider Activity

In other news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated 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 directly owned 38,932 shares in the company, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies 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 approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by 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.