ICW Investment Advisors LLC acquired a new position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,784 shares of the industrial products company’s stock, valued at approximately $624,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ROP. Pinnacle Wealth Planning Services Inc. bought a new position in Roper Technologies during the third quarter valued at approximately $209,000. North Dakota State Investment Board bought a new stake in Roper Technologies in the 3rd quarter worth approximately $1,082,000. Vaquero Private Wealth Ltd. bought a new stake in Roper Technologies in the 3rd quarter worth approximately $81,000. Sigma Investment Counselors Inc. raised its stake in Roper Technologies by 55.2% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,668 shares of the industrial products company’s stock valued at $583,000 after buying an additional 593 shares during the last quarter. Finally, Generali Asset Management SPA SGR purchased a new stake in Roper Technologies during the 3rd quarter valued at $1,431,000. 93.31% of the stock is owned by institutional investors.
Insider Activity at Roper Technologies
In other news, EVP Jason Conley sold 12,000 shares of the stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $435.53, for a total value of $5,226,360.00. Following the completion of the sale, the executive vice president directly owned 28,457 shares of the company’s stock, valued at $12,393,877.21. This represents a 29.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John K. Stipancich sold 3,500 shares of the firm’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $449.04, for a total transaction of $1,571,640.00. Following the sale, the executive vice president owned 35,434 shares in the company, valued at $15,911,283.36. The trade was a 8.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by insiders.
Roper Technologies Price Performance
NASDAQ ROP opened at $440.66 on Thursday. The business’s fifty day moving average is $390.37 and its 200 day moving average is $365.30. Roper Technologies, Inc. has a fifty-two week low of $305.96 and a fifty-two week high of $455.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.43. The company has a market capitalization of $43.58 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.17 and a beta of 0.75.
Roper Technologies (NASDAQ:ROP – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $0.10. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The business had revenue of $2.17 billion during the quarter. During the same quarter in the previous year, the company earned $5.14 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Sell-side analysts predict that Roper Technologies, Inc. will post 22.38 earnings per share for the current year.
Roper Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were paid a dividend of $0.91 per share. The ex-dividend date was Friday, October 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. Roper Technologies’s dividend payout ratio (DPR) is presently 14.36%.
Analyst Upgrades and Downgrades
ROP has been the topic of several research analyst reports. Weiss Ratings raised Roper Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 20th. Truist Financial upped their price target on shares of Roper Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Raymond James Financial cut shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Robert W. Baird set a $480.00 price objective on shares of Roper Technologies and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, The Goldman Sachs Group cut their target price on shares of Roper Technologies from $414.00 to $410.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $469.41.
Check Out Our Latest Report on Roper Technologies
Key Headlines Impacting Roper Technologies
Here are the key news stories impacting Roper Technologies this week:
- Positive Sentiment: JPMorgan upgraded Roper Technologies from “underweight” to “neutral,” signaling a less cautious outlook following the company’s recent earnings performance. JPMorgan upgrade article
- Positive Sentiment: Goldman Sachs raised its price target for ROP to $468 from $410, adding support to the bullish case and reinforcing confidence in Roper’s recurring-revenue business model. Goldman Sachs price target article
- Positive Sentiment: Recent analysis cited artificial-intelligence opportunities, the Deltek cloud migration, and acquisition activity as potential catalysts for growth. The investment thesis also benefits from Roper’s diversified portfolio of specialized software and technology businesses. Roper Technologies growth strategy article
- Positive Sentiment: Roper’s latest quarter exceeded expectations, with adjusted earnings of $5.89 per share versus the $5.79 consensus and revenue of $2.17 billion, up 7.7% year over year. The earnings beat and resilient operating performance are helping improve the investment narrative.
- Neutral Sentiment: Analyst opinion remains mixed despite the upgrades. MarketBeat lists a consensus rating of “Hold” and an average price target of approximately $469.41, suggesting potential upside but also continued valuation caution.
- Negative Sentiment: Two executive sales may create a modest overhang. EVP Jason Conley sold 12,000 shares for about $5.2 million, reducing his position by 29.66%, while EVP John Stipancich sold 3,500 shares for approximately $1.6 million, cutting his holdings by 8.99%. These sales may reflect personal financial decisions rather than deteriorating fundamentals, but investors could view the insider activity cautiously. Roper Technologies insider selling article
Roper Technologies Company Profile
Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.
The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.
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