Bahl & Gaynor Inc. trimmed its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,193 shares of the industrial products company’s stock after selling 520 shares during the period. Bahl & Gaynor Inc.’s holdings in Roper Technologies were worth $9,746,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new stake in shares of Roper Technologies during the first quarter valued at about $25,000. Banque Transatlantique SA purchased a new position in Roper Technologies in the first quarter valued at about $25,000. J.Safra Asset Management Corp grew its stake in Roper Technologies by 222.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 71 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 49 shares in the last quarter. Westside Investment Management Inc. increased its holdings in Roper Technologies by 242.9% during the 2nd quarter. Westside Investment Management Inc. now owns 72 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 51 shares during the last quarter. Finally, WPG Advisers LLC acquired a new position in shares of Roper Technologies in the 1st quarter valued at approximately $55,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Royal Bank Of Canada downgraded shares of Roper Technologies from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $644.00 to $539.00 in a research report on Monday, October 27th. Stifel Nicolaus set a $550.00 target price on shares of Roper Technologies in a research report on Friday, October 24th. Raymond James Financial cut their target price on shares of Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 24th. Mizuho decreased their price target on Roper Technologies from $600.00 to $510.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. Finally, Jefferies Financial Group cut their price objective on Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $579.54.
Roper Technologies Trading Up 0.7%
Roper Technologies stock opened at $443.75 on Friday. The firm has a 50-day moving average price of $481.55 and a two-hundred day moving average price of $527.76. Roper Technologies, Inc. has a 52-week low of $435.42 and a 52-week high of $595.17. The firm has a market capitalization of $47.76 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 2.13 and a beta of 0.98. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.46.
Roper Technologies (NASDAQ:ROP – Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $5.11 by $0.03. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. Roper Technologies’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $4.62 EPS. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. Sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.
Roper Technologies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, January 2nd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.83. Roper Technologies’s dividend payout ratio is presently 25.09%.
Insider Buying and Selling at Roper Technologies
In other Roper Technologies news, Director Amy Woods Brinkley acquired 1,200 shares of Roper Technologies stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average cost of $450.71 per share, with a total value of $540,852.00. Following the purchase, the director owned 18,184 shares in the company, valued at approximately $8,195,710.64. The trade was a 7.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Laurence Neil Hunn acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average cost of $452.23 per share, for a total transaction of $4,522,300.00. Following the completion of the transaction, the chief executive officer directly owned 97,311 shares of the company’s stock, valued at $44,006,953.53. This represents a 11.45% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.78% of the stock is owned by insiders.
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.
Featured Articles
- Five stocks we like better than Roper Technologies
- What is the Nasdaq? Complete Overview with History
- MP Materials Stock Soared After Earnings—Here’s the Real Reason
- How to Most Effectively Use the MarketBeat Earnings Screener
- Why Palantir Slide May Be a Setup for a Long-Term Opportunity
- 3 Small Caps With Big Return Potential
- Attention Income Investors: This REIT Is on Sale
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
