Arcus Capital Partners LLC Sells 85 Shares of Roper Technologies, Inc. $ROP

Arcus Capital Partners LLC cut its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 5.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,502 shares of the industrial products company’s stock after selling 85 shares during the period. Arcus Capital Partners LLC’s holdings in Roper Technologies were worth $851,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank bought a new stake in Roper Technologies in the 1st quarter worth about $25,000. Banque Transatlantique SA purchased a new stake in shares of Roper Technologies during the first quarter valued at approximately $25,000. MorganRosel Wealth Management LLC bought a new stake in Roper Technologies during the first quarter worth $27,000. Olde Wealth Management LLC purchased a new position in Roper Technologies in the first quarter worth $31,000. Finally, Wayfinding Financial LLC bought a new position in Roper Technologies in the 1st quarter valued at $31,000. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the firm’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 transaction, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays lowered their target price on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Royal Bank Of Canada boosted their target price 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. Truist Financial increased their target price on shares of Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. 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 report on Tuesday, July 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Roper Technologies in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $623.82.

Roper Technologies Stock Performance

Shares of ROP stock opened at $504.52 on Friday. Roper Technologies, Inc. has a 12 month low of $492.25 and a 12 month high of $595.17. The stock has a market capitalization of $54.29 billion, a P/E ratio of 35.45, a PEG ratio of 2.36 and a beta of 1.00. 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 firm’s 50 day moving average is $515.32 and its 200 day moving average is $544.67.

Roper Technologies (NASDAQ:ROP) last posted its earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share (EPS) for the quarter. The firm had revenue of $1.88 billion for 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. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were given a dividend of $0.825 per share. The ex-dividend date was Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.7%. Roper Technologies’s dividend payout ratio is currently 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.