SPC Financial Inc. Buys 49 Shares of Roper Technologies, Inc. $ROP

SPC Financial Inc. boosted its stake in Roper Technologies, Inc. (NASDAQ:ROP) by 0.9% in the 2nd quarter, Holdings Channel reports. The firm owned 5,325 shares of the industrial products company’s stock after acquiring an additional 49 shares during the quarter. SPC Financial Inc.’s holdings in Roper Technologies were worth $3,018,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Saudi Central Bank bought a new position in Roper Technologies in the 1st quarter worth about $25,000. MorganRosel Wealth Management LLC bought a new position in Roper Technologies in the 1st quarter worth about $27,000. Banque Transatlantique SA bought a new position in Roper Technologies in the 1st quarter worth about $25,000. Olde Wealth Management LLC purchased a new stake in shares of Roper Technologies in the 1st quarter valued at about $31,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Roper Technologies in the 1st quarter valued at about $31,000. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of NASDAQ ROP opened at $509.00 on Friday. The stock has a market cap of $54.78 billion, a price-to-earnings ratio of 35.77, a P/E/G ratio of 2.39 and a beta of 1.00. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. Roper Technologies, Inc. has a 1-year low of $492.25 and a 1-year high of $595.17. The stock’s 50-day moving average is $518.65 and its 200 day moving average is $547.56.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. The company had revenue of $1.88 billion for the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared 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 of this dividend is Friday, October 3rd. Roper Technologies’s payout ratio is 23.19%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Truist Financial raised their price target on Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Citigroup assumed coverage on Roper Technologies in a report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price target on the stock. Royal Bank Of Canada raised their price target on Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Robert W. Baird raised their price target on Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Finally, Barclays lowered their price target on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $635.27.

Insider Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of Roper Technologies 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 transaction, the vice president directly owned 38,932 shares of the company’s stock, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies 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 transaction, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.