Quantitative Investment Management LLC Takes Position in Roper Technologies, Inc. $ROP

Quantitative Investment Management LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,707 shares of the industrial products company's stock, valued at approximately $1,595,000.

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A number of other large investors have also modified their holdings of the stock. Cadence Bank grew its stake in shares of Roper Technologies by 0.5% in the first quarter. Cadence Bank now owns 4,464 shares of the industrial products company's stock valued at $2,632,000 after buying an additional 22 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Roper Technologies by 9.7% in the first quarter. Smartleaf Asset Management LLC now owns 999 shares of the industrial products company's stock valued at $582,000 after buying an additional 88 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Roper Technologies by 1.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 12,842 shares of the industrial products company's stock valued at $7,572,000 after purchasing an additional 124 shares in the last quarter. Douglass Winthrop Advisors LLC increased its holdings in Roper Technologies by 1.8% during the 1st quarter. Douglass Winthrop Advisors LLC now owns 209,239 shares of the industrial products company's stock worth $123,363,000 after purchasing an additional 3,612 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in Roper Technologies by 40.0% during the 1st quarter. AlphaQuest LLC now owns 2,421 shares of the industrial products company's stock worth $1,427,000 after purchasing an additional 692 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ROP. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. William Blair began coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. Stifel Nicolaus dropped their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, Robert W. Baird lifted their price objective on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $636.36.

Get Our Latest Stock Analysis on ROP

Insider Activity at Roper Technologies

In related news, 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 owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

Roper Technologies Price Performance

Shares of ROP opened at $536.84 on Monday. The firm has a market cap of $57.77 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.77 and a beta of 0.99. The stock has a 50 day moving average of $551.11 and a 200-day moving average of $563.09. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping 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%.The company's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $4.48 earnings per share. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. As a group, analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio (DPR) 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.

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