1832 Asset Management L.P. Lowers Holdings in Roper Technologies, Inc. $ROP

1832 Asset Management L.P. reduced its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 9.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,021 shares of the industrial products company’s stock after selling 3,075 shares during the quarter. 1832 Asset Management L.P.’s holdings in Roper Technologies were worth $17,017,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ROP. Saudi Central Bank purchased a new position in shares of Roper Technologies during the 1st quarter valued at approximately $25,000. Banque Transatlantique SA acquired a new stake in Roper Technologies during the first quarter valued at $25,000. Vermillion & White Wealth Management Group LLC increased its holdings in Roper Technologies by 89.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 53 shares of the industrial products company’s stock valued at $30,000 after buying an additional 25 shares in the last quarter. J.Safra Asset Management Corp raised its position in shares of Roper Technologies by 222.7% in the second quarter. J.Safra Asset Management Corp now owns 71 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 49 shares during the period. Finally, Westside Investment Management Inc. boosted its stake in shares of 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 acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 0.2%

Shares of ROP stock opened at $444.78 on Friday. Roper Technologies, Inc. has a fifty-two week low of $435.42 and a fifty-two week high of $595.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.58. The stock’s fifty day moving average is $470.70 and its two-hundred day moving average is $519.98. The firm has a market capitalization of $47.88 billion, a P/E ratio of 30.65, a PEG ratio of 2.24 and a beta of 0.94.

Roper Technologies (NASDAQ:ROP) last issued its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $5.11 by $0.03. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.62 earnings per share. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS and its FY 2025 guidance at 19.900-19.950 EPS. Research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, January 2nd. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.83. Roper Technologies’s payout ratio is presently 22.74%.

Wall Street Analyst Weigh In

ROP has been the subject of several recent analyst reports. TD Cowen cut their price target on Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Truist Financial set a $650.00 price objective on Roper Technologies in a research report on Friday, October 24th. Piper Sandler started coverage on Roper Technologies in a research report on Thursday, November 20th. They set an “overweight” rating and a $600.00 target price on the stock. Barclays dropped their price target on shares of Roper Technologies from $506.00 to $475.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, Robert W. Baird set a $592.00 price objective on shares of Roper Technologies in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $577.15.

Insider Buying and Selling

In related news, Director Amy Woods Brinkley purchased 1,200 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average cost of $450.71 per share, for a total transaction of $540,852.00. Following the completion of the transaction, the director directly owned 18,184 shares of the company’s stock, valued at approximately $8,195,710.64. This trade represents a 7.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Laurence Neil Hunn acquired 10,000 shares of Roper Technologies stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average price of $452.23 per share, for a total transaction of $4,522,300.00. Following the transaction, the chief executive officer owned 97,311 shares of the company’s stock, valued at $44,006,953.53. This represents a 11.45% increase in their position. The SEC filing for this purchase provides additional information. 0.78% 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.