Guinness Asset Management LTD Sells 776 Shares of Roper Technologies, Inc. $ROP

Guinness Asset Management LTD lowered its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 1.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 73,232 shares of the industrial products company’s stock after selling 776 shares during the period. Guinness Asset Management LTD’s holdings in Roper Technologies were worth $41,508,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Roper Technologies during the 4th quarter worth $203,000. GAMMA Investing LLC increased its holdings in shares of Roper Technologies by 76.4% in the first 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. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Roper Technologies by 4.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,367 shares of the industrial products company’s stock valued at $3,754,000 after acquiring an additional 289 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Roper Technologies by 152.9% in the first quarter. Golden State Wealth Management LLC now owns 220 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 133 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Roper Technologies by 2.6% during the 1st quarter. Perigon Wealth Management LLC now owns 1,168 shares of the industrial products company’s stock worth $689,000 after acquiring an additional 30 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on ROP. Jefferies Financial Group cut their target price on Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research note on Thursday. TD Cowen cut their target price on Roper Technologies from $650.00 to $625.00 and set a “buy” rating on the stock in a research note on Friday. Barclays reduced their price objective 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. Oppenheimer restated an “outperform” rating and issued a $570.00 target price on shares of Roper Technologies in a research note on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Roper Technologies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $590.25.

Roper Technologies Trading Down 0.2%

Roper Technologies stock opened at $478.80 on Monday. The business’s fifty day moving average is $512.60 and its 200 day moving average is $543.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.58 and a quick ratio of 0.53. The stock has a market capitalization of $51.53 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 2.29 and a beta of 1.00. Roper Technologies, Inc. has a one year low of $456.98 and a one year high of $595.17.

Roper Technologies (NASDAQ:ROP) last released its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $5.11 by $0.03. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the company earned $4.62 earnings per share. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. On average, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, October 3rd. Roper Technologies’s payout ratio is currently 22.74%.

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.