Johnson Investment Counsel Inc. Raises Stock Position in Roper Technologies, Inc. $ROP

Johnson Investment Counsel Inc. grew its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 1.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,812 shares of the industrial products company’s stock after buying an additional 2,954 shares during the period. Johnson Investment Counsel Inc. owned approximately 0.15% of Roper Technologies worth $89,454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ROP. Brighton Jones LLC purchased a new position in shares of Roper Technologies during the 4th quarter worth about $203,000. Wealthcare Advisory Partners LLC boosted its stake in shares of Roper Technologies by 8.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 439 shares of the industrial products company’s stock worth $259,000 after purchasing an additional 33 shares during the period. GAMMA Investing LLC boosted its stake in shares of Roper Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock worth $1,115,000 after purchasing an additional 819 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Roper Technologies by 1.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,067 shares of the industrial products company’s stock worth $1,808,000 after purchasing an additional 30 shares during the period. Finally, Simon Quick Advisors LLC boosted its stake in shares of Roper Technologies by 43.0% during the 1st quarter. Simon Quick Advisors LLC now owns 868 shares of the industrial products company’s stock worth $512,000 after purchasing an additional 261 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Shares of ROP opened at $509.00 on Friday. The company has a 50 day moving average price of $518.65 and a 200-day moving average price of $547.56. Roper Technologies, Inc. has a fifty-two week low of $492.25 and a fifty-two week high of $595.17. The stock has a market capitalization of $54.78 billion, a PE ratio of 35.77, a PEG ratio of 2.39 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.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. The firm had revenue of $1.88 billion during 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. Equities analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ROP shares. Robert W. Baird lifted their price target 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 lifted their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Roper Technologies in a report on Wednesday. Finally, Barclays decreased their price objective on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $635.27.

Insider Activity at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were 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 of the company’s stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard F. Wallman sold 352 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares of the company’s stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

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.