Advisors Capital Management LLC Has $329,000 Stake in Roper Technologies, Inc. $ROP

Advisors Capital Management LLC lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 558 shares of the industrial products company’s stock after selling 52 shares during the period. Advisors Capital Management LLC’s holdings in Roper Technologies were worth $329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. boosted its stake in Roper Technologies by 19.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,066 shares of the industrial products company’s stock valued at $629,000 after acquiring an additional 174 shares during the last quarter. Ransom Advisory Ltd bought a new position in shares of Roper Technologies during the first quarter worth $943,000. Plato Investment Management Ltd boosted its position in shares of Roper Technologies by 1.3% during the first quarter. Plato Investment Management Ltd now owns 4,087 shares of the industrial products company’s stock worth $2,436,000 after purchasing an additional 51 shares in the last quarter. Advisory Alpha LLC boosted its position in shares of Roper Technologies by 10.1% during the first quarter. Advisory Alpha LLC now owns 503 shares of the industrial products company’s stock worth $297,000 after purchasing an additional 46 shares in the last quarter. Finally, SCS Capital Management LLC bought a new position in shares of Roper Technologies during the first quarter worth $1,142,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ROP. 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 research note on Tuesday, July 22nd. Citigroup began coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Truist Financial boosted their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, Robert W. Baird boosted their price objective on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $636.36.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 352 shares of the firm’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 sale, the director directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the firm’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 sale, the vice president directly owned 38,932 shares of the company’s stock, 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. 0.78% of the stock is currently owned by insiders.

Roper Technologies Price Performance

Shares of ROP opened at $512.53 on Friday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market cap of $55.16 billion, a P/E ratio of 35.74, a P/E/G ratio of 2.77 and a beta of 1.03. The business’s fifty day moving average is $538.14 and its 200 day moving average is $557.63.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.During the same period in the prior year, the company earned $4.48 earnings per share. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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 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%.

Roper Technologies Company 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.