Whittier Trust Co. Sells 455 Shares of Roper Technologies, Inc. $ROP

Whittier Trust Co. lowered its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 16.9% during the second quarter, HoldingsChannel.com reports. The fund owned 2,233 shares of the industrial products company’s stock after selling 455 shares during the period. Whittier Trust Co.’s holdings in Roper Technologies were worth $1,266,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ROP. Saudi Central Bank bought a new stake in Roper Technologies in the first quarter valued at about $25,000. Banque Transatlantique SA bought a new stake in Roper Technologies in the first quarter valued at about $25,000. MorganRosel Wealth Management LLC bought a new stake in Roper Technologies in the first quarter valued at about $27,000. Olde Wealth Management LLC bought a new stake in Roper Technologies in the first quarter valued at about $31,000. Finally, Wayfinding Financial LLC bought a new stake in Roper Technologies in the first quarter valued at about $31,000. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Citigroup initiated 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 on the stock. Barclays reduced their price target 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. Robert W. Baird boosted their price target 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. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $541.00 price target (down from $577.00) on shares of Roper Technologies in a research report on Wednesday, October 15th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $623.82.

Roper Technologies Trading Down 1.1%

Shares of NASDAQ ROP opened at $508.95 on Thursday. The company’s 50 day simple moving average is $514.52 and its 200 day simple moving average is $543.73. Roper Technologies, Inc. has a fifty-two week low of $492.25 and a fifty-two week high of $595.17. The firm has a market capitalization of $54.77 billion, a P/E ratio of 35.77, a P/E/G ratio of 2.41 and a beta of 1.00. 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 announced its quarterly earnings data 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 business had revenue of $1.88 billion for 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. On average, analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, October 3rd. Roper Technologies’s dividend payout ratio is currently 23.19%.

Roper Technologies Company Profile

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.