Strong Tower Advisory Services Acquires 147 Shares of Roper Technologies, Inc. $ROP

Strong Tower Advisory Services increased its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,088 shares of the industrial products company’s stock after acquiring an additional 147 shares during the quarter. Strong Tower Advisory Services’ holdings in Roper Technologies were worth $2,884,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ROP. Saudi Central Bank bought a new position in Roper Technologies in the 1st quarter valued at about $25,000. Banque Transatlantique SA bought a new position in Roper Technologies in the 1st quarter valued at about $25,000. MorganRosel Wealth Management LLC bought a new position in Roper Technologies in the 1st quarter valued at about $27,000. Olde Wealth Management LLC bought a new position in Roper Technologies in the 1st quarter valued at about $31,000. Finally, Wayfinding Financial LLC bought a new position in Roper Technologies in the 1st quarter valued at about $31,000. 93.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ROP has been the topic of several recent analyst reports. Robert W. Baird raised their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Barclays decreased their price target on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a report on Wednesday, October 1st. Truist Financial lifted their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada lifted their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $635.27.

Insider Activity at Roper Technologies

In other news, 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 transaction, the vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

Roper Technologies Stock Down 1.8%

NASDAQ:ROP opened at $509.00 on Friday. The firm’s 50 day simple moving average is $518.65 and its 200 day simple moving average is $547.80. 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, Inc. has a one year low of $492.25 and a one year high of $595.17. The company has a market cap of $54.77 billion, a PE ratio of 35.77, a P/E/G ratio of 2.43 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last posted its earnings results on Thursday, January 30th. The industrial products company reported $4.81 EPS 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, research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.825 per share. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.6%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.19%.

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.