Schwartz Investment Counsel Inc. Has $96.19 Million Position in Roper Technologies, Inc. $ROP

Schwartz Investment Counsel Inc. increased its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 11.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,700 shares of the industrial products company’s stock after buying an additional 18,000 shares during the quarter. Roper Technologies comprises 3.2% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 7th largest holding. Schwartz Investment Counsel Inc. owned about 0.16% of Roper Technologies worth $96,193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Saudi Central Bank acquired a new stake in Roper Technologies in the first quarter worth approximately $25,000. Banque Transatlantique SA acquired a new stake in Roper Technologies in the first quarter worth approximately $25,000. MorganRosel Wealth Management LLC acquired a new stake in Roper Technologies in the first quarter worth approximately $27,000. Olde Wealth Management LLC acquired a new stake in Roper Technologies in the first quarter worth approximately $31,000. Finally, Wayfinding Financial LLC acquired a new stake in Roper Technologies in the first quarter worth approximately $31,000. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ROP. Robert W. Baird upped their target price on Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Mizuho cut their target price on Roper Technologies from $600.00 to $510.00 and set a “neutral” rating for the company in a research report on Friday. Truist Financial increased their price objective on Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Barclays cut their price objective on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a research report on Wednesday, October 1st. Finally, Citigroup initiated coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $623.82.

Insider Activity

In other news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.78% of the stock is owned by insiders.

Roper Technologies Price Performance

Shares of NASDAQ:ROP opened at $505.89 on Tuesday. The stock has a fifty day moving average of $514.89 and a 200-day moving average of $544.18. The company has a market capitalization of $54.44 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00. Roper Technologies, Inc. has a one year low of $492.25 and a one 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.

Roper Technologies (NASDAQ:ROP) last released its earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share (EPS) for the quarter. The company had revenue of $1.88 billion during the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were issued a $0.825 dividend. The ex-dividend date was Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.7%. Roper Technologies’s dividend payout ratio 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.