Index Fund Advisors Inc. Makes New Investment in Roper Technologies, Inc. $ROP

Index Fund Advisors Inc. bought a new stake in Roper Technologies, Inc. (NASDAQ:ROP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,066 shares of the industrial products company’s stock, valued at approximately $604,000.

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

Roper Technologies Stock Performance

NASDAQ:ROP opened at $509.00 on Monday. The firm has a market capitalization of $54.77 billion, a PE ratio of 35.77, a PEG ratio of 2.39 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. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $518.65 and its 200 day simple moving average is $547.24.

Roper Technologies (NASDAQ:ROP) last released its earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. The firm had revenue of $1.88 billion during the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. 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, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.825 per share. The ex-dividend date 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 23.19%.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares of the company’s stock, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John K. Stipancich sold 1,500 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.