Cadence Bank Boosts Position in Roper Technologies, Inc. $ROP

Cadence Bank raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,464 shares of the industrial products company’s stock after acquiring an additional 22 shares during the quarter. Cadence Bank’s holdings in Roper Technologies were worth $2,632,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new position in shares of Roper Technologies in the first quarter worth $27,000. Olde Wealth Management LLC acquired a new position in shares of Roper Technologies in the first quarter worth $31,000. Wayfinding Financial LLC acquired a new position in shares of Roper Technologies in the first quarter worth $31,000. Alpine Bank Wealth Management acquired a new position in shares of Roper Technologies in the first quarter worth $34,000. Finally, Putney Financial Group LLC acquired a new position in Roper Technologies in the fourth quarter valued at $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $536.84 on Friday. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The business has a 50-day moving average of $551.11 and a 200-day moving average of $563.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market capitalization of $57.77 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.During the same period in the prior year, the business earned $4.48 earnings per share. Roper Technologies’s revenue for the quarter was up 13.2% compared to the same quarter last year. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. On average, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders 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 annualized dividend and a dividend yield of 0.6%. Roper Technologies’s dividend payout ratio is presently 23.19%.

Insider Activity

In related news, Director Richard F. Wallman sold 352 shares of the stock in a transaction dated 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 represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 1,500 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares of the company’s stock, valued at $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ROP shares. Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. Raymond James Financial reiterated a “strong-buy” rating and issued a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Oppenheimer reiterated an “outperform” rating and issued a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Royal Bank Of Canada upped their target price on Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Finally, Citigroup started coverage on Roper Technologies in a research note on Wednesday. They issued a “buy” rating and a $626.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $636.36.

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.