Meridian Wealth Management LLC Purchases 114 Shares of Roper Technologies, Inc. $ROP

Meridian Wealth Management LLC lifted its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 7,716 shares of the industrial products company’s stock after buying an additional 114 shares during the period. Meridian Wealth Management LLC’s holdings in Roper Technologies were worth $4,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Saudi Central Bank bought a new position in Roper Technologies in the first quarter worth approximately $25,000. Banque Transatlantique SA purchased a new stake in shares of Roper Technologies in the 1st quarter worth $25,000. J.Safra Asset Management Corp increased its stake in shares of Roper Technologies by 222.7% in the 2nd quarter. J.Safra Asset Management Corp now owns 71 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 49 shares in the last quarter. Westside Investment Management Inc. raised its holdings in Roper Technologies by 242.9% in the 2nd quarter. Westside Investment Management Inc. now owns 72 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 51 shares during the period. Finally, Alpine Bank Wealth Management lifted its position in Roper Technologies by 68.4% during the second quarter. Alpine Bank Wealth Management now owns 96 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 39 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Amy Woods Brinkley purchased 1,200 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was acquired at an average price of $450.71 per share, for a total transaction of $540,852.00. Following the acquisition, the director directly owned 18,184 shares of the company’s stock, valued at $8,195,710.64. This represents a 7.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Laurence Neil Hunn acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average cost of $452.23 per share, for a total transaction of $4,522,300.00. Following the completion of the acquisition, the chief executive officer directly owned 97,311 shares in the company, valued at approximately $44,006,953.53. This represents a 11.45% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.78% of the company’s stock.

Roper Technologies Trading Up 0.4%

Shares of ROP opened at $449.50 on Friday. The firm has a market cap of $48.38 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.58 and a quick ratio of 0.53. Roper Technologies, Inc. has a 1 year low of $435.42 and a 1 year high of $595.17. The company has a 50 day simple moving average of $488.92 and a two-hundred day simple moving average of $532.18.

Roper Technologies (NASDAQ:ROP) last issued 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 firm 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 quarter in the prior year, the business earned $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 expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.91 per share. The ex-dividend date is Friday, January 2nd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. Roper Technologies’s dividend payout ratio (DPR) is 25.09%.

Analysts Set New Price Targets

Several research firms have recently commented on ROP. Barclays decreased their price objective on Roper Technologies from $550.00 to $506.00 and set an “underweight” rating on the stock in a research note on Monday, October 27th. Jefferies Financial Group decreased their target price on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Oppenheimer reaffirmed an “outperform” rating and set a $570.00 price target on shares of Roper Technologies in a report on Thursday, October 23rd. Truist Financial set a $650.00 price objective on shares of Roper Technologies in a research note on Friday, October 24th. Finally, Citigroup assumed coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They set a “buy” rating and a $626.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $577.83.

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.