Roper Technologies, Inc. $ROP Holdings Decreased by IFP Advisors Inc

IFP Advisors Inc reduced its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,876 shares of the industrial products company’s stock after selling 171 shares during the quarter. IFP Advisors Inc’s holdings in Roper Technologies were worth $2,359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Freedom Day Solutions LLC raised its position in Roper Technologies by 32.6% in the second quarter. Freedom Day Solutions LLC now owns 4,066 shares of the industrial products company’s stock worth $2,305,000 after acquiring an additional 999 shares in the last quarter. Callan Family Office LLC raised its holdings in Roper Technologies by 187.7% during the 2nd quarter. Callan Family Office LLC now owns 3,006 shares of the industrial products company’s stock worth $1,704,000 after buying an additional 1,961 shares during the period. Boomfish Wealth Group LLC raised its holdings in Roper Technologies by 4.9% during the 2nd quarter. Boomfish Wealth Group LLC now owns 2,918 shares of the industrial products company’s stock worth $1,654,000 after buying an additional 136 shares during the period. Maryland State Retirement & Pension System raised its holdings in Roper Technologies by 4.5% during the 2nd quarter. Maryland State Retirement & Pension System now owns 5,218 shares of the industrial products company’s stock worth $2,958,000 after buying an additional 226 shares during the period. Finally, Nelson Capital Management LLC raised its holdings in Roper Technologies by 0.9% during the 2nd quarter. Nelson Capital Management LLC now owns 9,669 shares of the industrial products company’s stock worth $5,481,000 after buying an additional 88 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Activity at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value of $195,800.00. Following the completion of the sale, the director owned 20,510 shares of the company’s stock, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Roper Technologies Trading Down 1.8%

Shares of NASDAQ ROP opened at $509.00 on Friday. The stock has a market cap of $54.78 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.39 and a beta of 1.00. The business has a 50 day simple moving average of $518.65 and a 200 day simple moving average of $547.56. Roper Technologies, Inc. has a 52 week low of $492.25 and a 52 week high of $595.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $4.81 EPS for the quarter. The business had revenue of $1.88 billion during the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%. 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 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. Investors of record on Friday, October 3rd will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies’s payout ratio is 23.19%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ROP shares. Robert W. Baird upped their target price on Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their target price on Roper Technologies from $561.00 to $577.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Truist Financial upped their target price on Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Barclays dropped their target price on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a report on Wednesday, October 1st. Finally, Citigroup started coverage on Roper Technologies in a report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $635.27.

Roper Technologies 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.