Second Half Financial Partners LLC Trims Position in Roper Technologies, Inc. $ROP

Second Half Financial Partners LLC trimmed its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 2.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 826 shares of the industrial products company’s stock after selling 20 shares during the quarter. Second Half Financial Partners LLC’s holdings in Roper Technologies were worth $468,000 as of its most recent filing with the SEC.

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

Roper Technologies Stock Down 1.8%

ROP stock opened at $509.00 on Friday. The company’s 50 day simple moving average is $518.65 and its 200-day simple moving average is $547.56. The firm has a market capitalization of $54.78 billion, a PE ratio of 35.77, a P/E/G ratio of 2.39 and a beta of 1.00. Roper Technologies, Inc. has a 12 month low of $492.25 and a 12 month high of $595.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43.

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

Roper Technologies Dividend Announcement

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. 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 Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Robert W. Baird boosted 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. Royal Bank Of Canada upped their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Barclays lowered 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 report on Wednesday, October 1st. JPMorgan Chase & Co. upped their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Roper Technologies in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $635.27.

Insider Activity at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the 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 sale, the vice president directly 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 through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction 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 disclosure for this sale can be found here. 0.78% of the stock is 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.