Phraction Management LLC Lowers Stock Position in Roper Technologies, Inc. $ROP

Phraction Management LLC lessened its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 44.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 500 shares of the industrial products company’s stock after selling 395 shares during the period. Phraction Management LLC’s holdings in Roper Technologies were worth $283,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Saudi Central Bank acquired a new stake in shares of Roper Technologies during the 1st quarter valued at about $25,000. Banque Transatlantique SA purchased a new position in Roper Technologies during the first quarter worth approximately $25,000. MorganRosel Wealth Management LLC acquired a new stake in Roper Technologies in the first quarter valued at approximately $27,000. Olde Wealth Management LLC purchased a new stake in shares of Roper Technologies in the first quarter valued at approximately $31,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Roper Technologies during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

ROP has been the topic of several recent analyst reports. Barclays decreased their price objective on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a report on Wednesday. Citigroup assumed coverage on Roper Technologies in a research note on Wednesday, August 20th. They set a “buy” rating and a $626.00 price objective for the company. Robert W. Baird raised their target price on Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Truist Financial raised their price objective on Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $635.27.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $497.59 on Friday. The business’s 50 day moving average price is $523.96 and its 200 day moving average price is $550.51. The company has a market cap of $53.55 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 2.34 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. Roper Technologies, Inc. has a one year low of $492.25 and a one year high of $595.17.

Roper Technologies (NASDAQ:ROP) last issued its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) 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%.During the same period in the prior year, the firm posted $4.48 earnings per share. The firm’s quarterly revenue 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, research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid 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 payout ratio is 23.19%.

Insider Activity

In related 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 value of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the transaction, the director 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 disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

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.