Roper Technologies, Inc. $ROP Stock Holdings Increased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC increased its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 22.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,104 shares of the industrial products company’s stock after acquiring an additional 1,283 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Roper Technologies were worth $4,027,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ROP shares. Robert W. Baird boosted their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Royal Bank Of Canada upped their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Barclays dropped their price objective on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Citigroup started coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price objective on the stock. Finally, Truist Financial upped their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $632.00.

Roper Technologies Stock Performance

Shares of ROP opened at $499.73 on Thursday. 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 company’s fifty day moving average is $516.65 and its 200-day moving average is $546.20. The firm has a market cap of $53.78 billion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth ratio of 2.41 and a beta of 1.00. Roper Technologies, Inc. has a 12 month low of $492.25 and a 12 month high of $595.17.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 earnings per share (EPS) for the quarter. The business had revenue of $1.88 billion during the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. Equities analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business 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 $0.825 dividend. 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 23.19%.

Insiders Place Their Bets

In other news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction on 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 owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction 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 position. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

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.