Beacon Financial Group Has $401,000 Position in Roper Technologies, Inc. $ROP

Beacon Financial Group lifted its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 107.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 708 shares of the industrial products company’s stock after buying an additional 366 shares during the period. Beacon Financial Group’s holdings in Roper Technologies were worth $401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ROP. Saudi Central Bank acquired a new position in Roper Technologies during the first quarter valued at approximately $25,000. Banque Transatlantique SA acquired a new position in Roper Technologies during the first quarter valued at approximately $25,000. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies during the first quarter valued at approximately $27,000. Putney Financial Group LLC acquired a new position in Roper Technologies during the fourth quarter valued at approximately $31,000. Finally, Olde Wealth Management LLC acquired a new position in Roper Technologies during the first quarter valued at approximately $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Citigroup assumed coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price target for the company. Truist Financial upped their price objective on Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada upped their price objective on Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $561.00 to $577.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Finally, Robert W. Baird upped their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $636.36.

Insider Buying and Selling

In related news, VP John K. Stipancich sold 1,500 shares of the 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 owned 38,932 shares of the company’s stock, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the 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 sale, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Shares of NASDAQ ROP opened at $502.44 on Wednesday. The firm has a market cap of $54.07 billion, a P/E ratio of 35.31, a price-to-earnings-growth ratio of 2.37 and a beta of 1.03. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. Roper Technologies, Inc. has a 1-year low of $499.00 and a 1-year high of $595.17. The business’s 50 day moving average is $535.69 and its 200-day moving average is $556.60.

Roper Technologies (NASDAQ:ROP) last announced its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping analysts’ consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.48 EPS. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

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 dividend of $0.825 per share. 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 0.7%. Roper Technologies’s dividend payout ratio is currently 23.19%.

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.