Bogart Wealth LLC Buys 164 Shares of Roper Technologies, Inc. $ROP

Bogart Wealth LLC grew its stake in Roper Technologies, Inc. (NASDAQ:ROP) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,181 shares of the industrial products company’s stock after acquiring an additional 164 shares during the period. Bogart Wealth LLC’s holdings in Roper Technologies were worth $7,471,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ROP. Brighton Jones LLC purchased a new stake in shares of Roper Technologies in the 4th quarter worth approximately $203,000. GAMMA Investing LLC lifted its position in shares of Roper Technologies by 76.4% in 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. Wealth Enhancement Advisory Services LLC lifted its position in shares of Roper Technologies by 1.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,490 shares of the industrial products company’s stock worth $10,311,000 after purchasing an additional 311 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Roper Technologies by 28.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 117 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 26 shares during the period. Finally, CWA Asset Management Group LLC lifted its position in shares of Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company’s stock worth $453,000 after purchasing an additional 61 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.9%

NASDAQ ROP opened at $504.52 on Monday. The company has a fifty day simple moving average of $515.32 and a two-hundred day simple moving average of $544.43. The stock has a market cap of $54.29 billion, a P/E ratio of 35.45, a P/E/G ratio of 2.36 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 current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40.

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

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.7%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.19%.

Insiders Place Their Bets

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the firm’s 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 of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 20,510 shares of the company’s stock, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ROP. Citigroup began coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price target for the company. Royal Bank Of Canada increased their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Robert W. Baird increased their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a research report 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Roper Technologies in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $623.82.

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.