Roper Technologies, Inc. $ROP Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC trimmed its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 18.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,867 shares of the industrial products company’s stock after selling 410 shares during the period. Venturi Wealth Management LLC’s holdings in Roper Technologies were worth $1,058,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Saudi Central Bank purchased a new position in Roper Technologies in the 1st quarter valued at $25,000. Banque Transatlantique SA purchased a new position in Roper Technologies in the 1st quarter valued at $25,000. MorganRosel Wealth Management LLC purchased a new position in Roper Technologies in the 1st quarter valued at $27,000. Olde Wealth Management LLC purchased a new position in Roper Technologies in the 1st quarter valued at $31,000. Finally, Wayfinding Financial LLC purchased a new position in Roper Technologies in the 1st quarter valued at $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Royal Bank Of Canada raised their target price on Roper Technologies from $695.00 to $703.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Roper Technologies in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Citigroup assumed coverage on Roper Technologies in a research note on Wednesday, August 20th. They issued a “buy” rating and a $626.00 target price for the company. Finally, Robert W. Baird increased their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $635.27.

Roper Technologies Stock Performance

Shares of ROP opened at $520.00 on Thursday. The stock has a 50-day simple moving average of $519.96 and a 200-day simple moving average of $548.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. The stock has a market capitalization of $55.96 billion, a PE ratio of 36.54, a PEG ratio of 2.40 and a beta of 1.00. Roper Technologies, Inc. has a 1 year low of $492.25 and a 1 year high of $595.17.

Roper Technologies (NASDAQ:ROP) last posted its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.48 earnings per share. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. On average, analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. Roper Technologies’s payout ratio is presently 23.19%.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 352 shares of the business’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 value of $195,800.00. Following the transaction, the director owned 20,510 shares of the company’s stock, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the business’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. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

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.