GLOBALT Investments LLC GA Trims Stake in Roper Technologies, Inc. $ROP

GLOBALT Investments LLC GA reduced its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 6.4% in the second quarter, Holdings Channel reports. The firm owned 2,047 shares of the industrial products company’s stock after selling 139 shares during the period. GLOBALT Investments LLC GA’s holdings in Roper Technologies were worth $1,160,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Saudi Central Bank bought a new position in Roper Technologies in the first quarter valued at $25,000. Banque Transatlantique SA bought a new position in Roper Technologies in the first quarter valued at $25,000. MorganRosel Wealth Management LLC bought a new position in Roper Technologies in the first quarter valued at $27,000. Olde Wealth Management LLC bought a new position in Roper Technologies in the first quarter valued at $31,000. Finally, Wayfinding Financial LLC bought a new position in Roper Technologies in the first quarter valued at $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

NASDAQ ROP opened at $478.80 on Friday. The company has a 50-day simple moving average of $512.60 and a two-hundred day simple moving average of $543.09. The company has a quick ratio of 0.43, a current ratio of 0.58 and a debt-to-equity ratio of 0.46. Roper Technologies, Inc. has a 12-month low of $456.98 and a 12-month high of $595.17. The firm has a market cap of $51.52 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 2.29 and a beta of 1.00.

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

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, October 3rd. Roper Technologies’s dividend payout ratio is currently 23.19%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ROP. Stifel Nicolaus set a $550.00 target price on Roper Technologies in a research note on Friday. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $541.00 target price (down previously from $577.00) on shares of Roper Technologies in a research note on Wednesday, October 15th. Barclays reduced their target price on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Truist Financial set a $650.00 price target on shares of Roper Technologies in a research report on Friday. Finally, Jefferies Financial Group cut their price target on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $590.25.

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.