Ritholtz Wealth Management Has $351,000 Stock Position in Roper Technologies, Inc. $ROP

Ritholtz Wealth Management grew its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 11.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 620 shares of the industrial products company’s stock after acquiring an additional 65 shares during the quarter. Ritholtz Wealth Management’s holdings in Roper Technologies were worth $351,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Saudi Central Bank acquired a new position in Roper Technologies during the 1st quarter worth approximately $25,000. Banque Transatlantique SA acquired a new position in Roper Technologies during the 1st quarter worth approximately $25,000. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies during the 1st quarter worth approximately $27,000. Olde Wealth Management LLC acquired a new position in Roper Technologies during the 1st quarter worth approximately $31,000. Finally, Wayfinding Financial LLC acquired a new position in Roper Technologies during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.3%

ROP opened at $505.89 on Tuesday. Roper Technologies, Inc. has a 1-year low of $492.25 and a 1-year high of $595.17. The stock’s fifty day simple moving average is $514.89 and its 200 day simple moving average is $544.18. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The stock has a market cap of $54.44 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.The business 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. As a group, research 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 issued 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 is currently 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 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. This represents a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ROP shares. Mizuho reduced their price target on Roper Technologies from $600.00 to $510.00 and set a “neutral” rating for the company in a research report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Roper Technologies in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $541.00 price objective (down previously from $577.00) on shares of Roper Technologies in a research note on Wednesday, October 15th. Robert W. Baird upped their price objective on Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Finally, Royal Bank Of Canada upped their price objective on Roper Technologies from $695.00 to $703.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $623.82.

About Roper Technologies

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.