Vanguard Personalized Indexing Management LLC Grows Stake in Roper Technologies, Inc. $ROP

Vanguard Personalized Indexing Management LLC boosted its position in Roper Technologies, Inc. (NASDAQ:ROP) by 13.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,191 shares of the industrial products company’s stock after purchasing an additional 1,815 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Roper Technologies were worth $8,613,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ROP. Brighton Jones LLC purchased a new position in Roper Technologies in the 4th quarter valued at approximately $203,000. Wealthcare Advisory Partners LLC increased its stake in Roper Technologies by 8.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 439 shares of the industrial products company’s stock valued at $259,000 after purchasing an additional 33 shares in the last quarter. GAMMA Investing LLC increased its stake in Roper Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock valued at $1,115,000 after purchasing an additional 819 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Roper Technologies by 1.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,067 shares of the industrial products company’s stock valued at $1,808,000 after purchasing an additional 30 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC increased its position in Roper Technologies by 7.2% during the first quarter. Elevation Point Wealth Partners LLC now owns 523 shares of the industrial products company’s stock worth $308,000 after buying an additional 35 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction 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 transaction, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ROP. JPMorgan Chase & Co. raised their price target on Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Barclays dropped their price target 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. Royal Bank Of Canada raised their price target on Roper Technologies from $695.00 to $703.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Roper Technologies in a research report on Wednesday, October 8th. Finally, Citigroup began coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $635.27.

Roper Technologies Price Performance

Shares of NASDAQ:ROP opened at $509.00 on Monday. The company has a market cap of $54.77 billion, a P/E ratio of 35.77, a P/E/G ratio of 2.39 and a beta of 1.00. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40. Roper Technologies, Inc. has a 52 week low of $492.25 and a 52 week high of $595.17. The business has a fifty day simple moving average of $518.65 and a 200-day simple moving average of $547.24.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 EPS for the quarter. The business 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. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors 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 dividend on an annualized basis and a yield of 0.6%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.19%.

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.