Roper Technologies, Inc. $ROP Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 16.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,233 shares of the industrial products company’s stock after selling 455 shares during the period. Whittier Trust Co.’s holdings in Roper Technologies were worth $1,266,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ROP. Brighton Jones LLC acquired a new stake in shares of Roper Technologies during the 4th quarter valued at $203,000. GAMMA Investing LLC boosted its stake in shares of Roper Technologies by 76.4% during the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock valued at $1,115,000 after buying an additional 819 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Roper Technologies by 28.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 117 shares of the industrial products company’s stock valued at $69,000 after buying an additional 26 shares during the period. Blue Trust Inc. boosted its stake in shares of Roper Technologies by 13.1% during the 1st quarter. Blue Trust Inc. now owns 320 shares of the industrial products company’s stock valued at $189,000 after buying an additional 37 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Roper Technologies by 4.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,367 shares of the industrial products company’s stock valued at $3,754,000 after buying an additional 289 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NASDAQ:ROP opened at $508.95 on Thursday. The firm’s 50-day moving average is $514.52 and its 200-day moving average is $543.73. Roper Technologies, Inc. has a 52-week low of $492.25 and a 52-week high of $595.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. The company has a market cap of $54.77 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.41 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 earnings per share (EPS) for the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. The company 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. Equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies’s payout ratio is presently 23.19%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ROP. Barclays reduced their price objective on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a research note on Wednesday, October 1st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $541.00 price objective (down previously from $577.00) on shares of Roper Technologies in a research note on Wednesday, October 15th. Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Robert W. Baird lifted their price objective on shares of Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Finally, Truist Financial lifted their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. One investment 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $623.82.

Roper Technologies Company 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.