Shell Asset Management Co. Purchases 316 Shares of Roper Technologies, Inc. $ROP

Shell Asset Management Co. increased its position in Roper Technologies, Inc. (NASDAQ:ROP) by 15.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,402 shares of the industrial products company’s stock after buying an additional 316 shares during the quarter. Shell Asset Management Co.’s holdings in Roper Technologies were worth $1,362,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ROP. Endowment Wealth Management Inc. boosted its position in shares of Roper Technologies by 3.4% during the first quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company’s stock valued at $327,000 after buying an additional 18 shares during the last quarter. Fiduciary Alliance LLC boosted its position in shares of Roper Technologies by 0.8% during the second quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company’s stock valued at $1,329,000 after buying an additional 18 shares during the last quarter. My Legacy Advisors LLC lifted its holdings in Roper Technologies by 1.5% in the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company’s stock valued at $751,000 after acquiring an additional 19 shares during the period. Tritonpoint Wealth LLC lifted its holdings in Roper Technologies by 2.7% in the first quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company’s stock valued at $448,000 after acquiring an additional 20 shares during the period. Finally, Winch Advisory Services LLC lifted its holdings in Roper Technologies by 2.2% in the first quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company’s stock valued at $557,000 after acquiring an additional 20 shares during the period. Institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the firm’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 transaction of $846,255.00. Following the completion of the transaction, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard F. Wallman sold 352 shares of the business’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 completion of the sale, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

Roper Technologies Trading Up 1.8%

ROP stock opened at $520.00 on Thursday. Roper Technologies, Inc. has a 1-year low of $492.25 and a 1-year high of $595.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43. The company has a market capitalization of $55.96 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 2.40 and a beta of 1.00. The business has a 50 day simple moving average of $519.96 and a two-hundred day simple moving average of $548.69.

Roper Technologies (NASDAQ:ROP) last posted its quarterly 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 10.83% and a net margin of 20.62%.During the same period in the prior year, the business posted $4.48 earnings per share. The firm’s quarterly revenue 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. Research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies’s dividend payout ratio (DPR) is currently 23.19%.

Analyst Ratings Changes

Several research firms have recently commented on ROP. JPMorgan Chase & Co. raised their price objective on Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Citigroup began coverage on Roper Technologies in a research note on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Roper Technologies in a research note on Wednesday. Barclays decreased their price objective on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Finally, Truist Financial raised their price objective on Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $635.27.

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.