Arcus Capital Partners LLC Sells 85 Shares of Roper Technologies, Inc. $ROP

Arcus Capital Partners LLC lowered its stake in Roper Technologies, Inc. (NASDAQ:ROP) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,502 shares of the industrial products company’s stock after selling 85 shares during the quarter. Arcus Capital Partners LLC’s holdings in Roper Technologies were worth $851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $203,000. GAMMA Investing LLC grew its position in Roper Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock worth $1,115,000 after acquiring an additional 819 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Roper Technologies by 1.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,490 shares of the industrial products company’s stock worth $10,311,000 after purchasing an additional 311 shares in the last quarter. Ritholtz Wealth Management raised its position in Roper Technologies by 6.3% in the first quarter. Ritholtz Wealth Management now owns 555 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 33 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Roper Technologies by 28.6% during the first quarter. Exchange Traded Concepts LLC now owns 117 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 26 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ROP. Citigroup began coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price objective for the company. Mizuho cut their price target on shares of Roper Technologies from $600.00 to $510.00 and set a “neutral” rating on the stock in a report on Friday. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $541.00 price objective (down previously from $577.00) on shares of Roper Technologies in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Roper Technologies in a report on Wednesday, October 8th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $623.82.

Roper Technologies Price Performance

ROP stock opened at $504.52 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40. The firm has a market cap of $54.29 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 2.36 and a beta of 1.00. The company’s fifty day simple moving average is $515.32 and its 200 day simple moving average is $544.67. Roper Technologies, Inc. has a 12-month low of $492.25 and a 12-month high of $595.17.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share (EPS) for the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.The firm had revenue of $1.88 billion for the quarter. 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, analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, October 3rd. Roper Technologies’s dividend payout ratio (DPR) is 23.19%.

Insider Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, the director owned 20,510 shares of the company’s stock, valued at $11,408,687.50. This 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 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.