Tectonic Advisors LLC Has $2.09 Million Stock Position in Roper Technologies, Inc. $ROP

Tectonic Advisors LLC reduced its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 8.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,693 shares of the industrial products company’s stock after selling 331 shares during the period. Tectonic Advisors LLC’s holdings in Roper Technologies were worth $2,093,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ROP. Saudi Central Bank bought a new stake in shares of Roper Technologies in the 1st quarter valued at $25,000. Banque Transatlantique SA bought a new stake in shares of Roper Technologies in the 1st quarter valued at $25,000. MorganRosel Wealth Management LLC bought a new stake in shares of Roper Technologies in the 1st quarter valued at $27,000. Olde Wealth Management LLC bought a new stake in shares of Roper Technologies in the 1st quarter valued at $31,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Roper Technologies in the 1st quarter valued at $31,000. 93.31% of the stock is owned by institutional investors.

Insider Activity

In other 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 completion of the sale, the director owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the 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 completion of the sale, the vice president owned 38,932 shares of the company’s stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

Roper Technologies Stock Performance

ROP opened at $520.00 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The company’s fifty day moving average price is $519.96 and its two-hundred day moving average price is $548.69. Roper Technologies, Inc. has a 1-year low of $492.25 and a 1-year high of $595.17. The company has a market cap of $55.96 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 2.40 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $4.48 EPS. The business’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, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on ROP shares. Royal Bank Of Canada upped their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Citigroup started coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They set a “buy” rating and a $626.00 target price on the stock. Robert W. Baird increased their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Truist Financial increased their target price on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, Barclays cut their target price on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $635.27.

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.