Truist Financial Corp Buys 445 Shares of Roper Technologies, Inc. $ROP

Truist Financial Corp increased its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,253 shares of the industrial products company’s stock after buying an additional 445 shares during the quarter. Truist Financial Corp’s holdings in Roper Technologies were worth $5,245,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. First United Bank & Trust boosted its position in Roper Technologies by 4.2% in the second quarter. First United Bank & Trust now owns 2,415 shares of the industrial products company’s stock worth $1,369,000 after purchasing an additional 97 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Roper Technologies by 4.3% in the second quarter. Janney Montgomery Scott LLC now owns 26,077 shares of the industrial products company’s stock worth $14,782,000 after purchasing an additional 1,067 shares during the last quarter. Archford Capital Strategies LLC purchased a new position in Roper Technologies in the second quarter worth $322,000. Moss Adams Wealth Advisors LLC boosted its position in Roper Technologies by 24.6% in the second quarter. Moss Adams Wealth Advisors LLC now owns 431 shares of the industrial products company’s stock worth $244,000 after purchasing an additional 85 shares during the last quarter. Finally, GC Wealth Management RIA LLC boosted its position in Roper Technologies by 251.8% in the second quarter. GC Wealth Management RIA LLC now owns 3,356 shares of the industrial products company’s stock worth $1,902,000 after purchasing an additional 2,402 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

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

Roper Technologies Stock Performance

Shares of ROP opened at $510.57 on Wednesday. The stock’s 50-day simple moving average is $520.60 and its 200 day simple moving average is $548.89. The stock has a market capitalization of $54.94 billion, a price-to-earnings ratio of 35.88, a price-to-earnings-growth ratio of 2.38 and a beta of 1.00. 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, Inc. has a 52-week low of $492.25 and a 52-week high of $595.17.

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

Roper Technologies Dividend Announcement

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

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the company’s stock in a transaction dated 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 directly owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the company’s stock in a transaction dated 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 transaction, 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 owned by corporate insiders.

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.