Evermay Wealth Management LLC Raises Stock Holdings in Roper Technologies, Inc. $ROP

Evermay Wealth Management LLC grew its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 5.8% during the second quarter, Holdings Channel reports. The institutional investor owned 1,121 shares of the industrial products company’s stock after buying an additional 61 shares during the period. Evermay Wealth Management LLC’s holdings in Roper Technologies were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROP. Nuveen LLC bought a new position in shares of Roper Technologies in the first quarter worth approximately $894,764,000. Wellington Management Group LLP lifted its stake in shares of Roper Technologies by 92.3% during the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company’s stock valued at $826,030,000 after buying an additional 672,306 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Roper Technologies by 9.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock worth $3,515,984,000 after buying an additional 500,764 shares during the period. Swedbank AB boosted its holdings in Roper Technologies by 201.6% in the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company’s stock worth $382,908,000 after buying an additional 451,549 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Roper Technologies by 65.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company’s stock worth $377,407,000 after buying an additional 252,056 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 0.9%

Shares of ROP opened at $504.52 on Monday. The stock has a market capitalization of $54.29 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00. Roper Technologies, Inc. has a 1 year low of $492.25 and a 1 year high of $595.17. The business’s 50 day simple moving average is $515.32 and its 200-day simple moving average is $544.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43.

Roper Technologies (NASDAQ:ROP) last posted its 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, equities analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend 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 Analyst Weigh In

A number of equities analysts have recently weighed in on ROP shares. Truist Financial upped their price objective on Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada boosted their price target on Roper Technologies from $695.00 to $703.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $541.00 price objective (down from $577.00) on shares of Roper Technologies in a report on Wednesday, October 15th. Mizuho reduced their price objective on shares of Roper Technologies from $600.00 to $510.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Barclays dropped their target price on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $623.82.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the sale, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares of the company’s stock, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

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.