Roper Technologies, Inc. $ROP Shares Sold by Second Half Financial Partners LLC

Second Half Financial Partners LLC lessened its stake in Roper Technologies, Inc. (NASDAQ:ROP) by 2.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 826 shares of the industrial products company’s stock after selling 20 shares during the period. Second Half Financial Partners LLC’s holdings in Roper Technologies were worth $468,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC grew its stake in shares of Roper Technologies by 8.6% in the first quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company’s stock worth $453,000 after acquiring an additional 61 shares in the last quarter. Freedom Day Solutions LLC acquired a new position in shares of Roper Technologies in the first quarter worth $1,808,000. Tandem Investment Advisors Inc. grew its stake in shares of Roper Technologies by 49.9% in the first quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company’s stock worth $57,914,000 after acquiring an additional 32,694 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Roper Technologies by 76.4% in the first 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 in the last quarter. Finally, Legacy Advisors LLC acquired a new position in shares of Roper Technologies in the first quarter worth $264,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 352 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares of the company’s stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

Roper Technologies Price Performance

Shares of ROP opened at $509.00 on Friday. Roper Technologies, Inc. has a 1-year low of $492.25 and a 1-year high of $595.17. The stock has a market cap of $54.78 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 2.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43. The firm has a fifty day moving average price of $518.65 and a 200 day moving average price of $547.56.

Roper Technologies (NASDAQ:ROP) last announced 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 net margin of 20.62% and a return on equity of 10.83%. The firm had revenue of $1.88 billion during 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, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies’s payout ratio is 23.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ROP shares. JPMorgan Chase & Co. boosted their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Robert W. Baird boosted their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Citigroup started 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 for the company. Truist Financial boosted their target price on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of 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 given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $635.27.

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.