Segment Wealth Management LLC Buys 260 Shares of Roper Technologies, Inc. $ROP

Segment Wealth Management LLC increased its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,293 shares of the industrial products company’s stock after buying an additional 260 shares during the period. Segment Wealth Management LLC’s holdings in Roper Technologies were worth $10,936,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in Roper Technologies during the first quarter worth $25,000. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies during the first quarter worth $27,000. Banque Transatlantique SA acquired a new position in Roper Technologies during the first quarter worth $25,000. Olde Wealth Management LLC acquired a new position in Roper Technologies during the first quarter worth $31,000. Finally, Wayfinding Financial LLC bought a new position in Roper Technologies during the first quarter worth $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Up 0.5%

ROP opened at $499.95 on Friday. Roper Technologies, Inc. has a twelve month low of $492.25 and a twelve month high of $595.17. The company has a 50-day simple moving average of $522.70 and a 200 day simple moving average of $549.98. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $53.80 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 2.34 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data 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 net margin of 20.62% and a return on equity of 10.83%. During the same quarter in the previous year, the business earned $4.48 earnings per share. Roper Technologies’s revenue for the quarter was up 13.2% on a year-over-year basis. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.7%. Roper Technologies’s dividend payout ratio is currently 23.19%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. 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 report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Roper Technologies in a research report on Saturday, September 27th. Finally, Citigroup assumed coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $635.27.

Insider Activity

In related news, VP John K. Stipancich sold 1,500 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the sale, the director directly owned 20,510 shares of the company’s stock, 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 0.78% of the company’s stock.

Roper Technologies 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.