Phoenix Financial Ltd. Purchases 1,704 Shares of Roper Technologies, Inc. $ROP

Phoenix Financial Ltd. grew its position in Roper Technologies, Inc. (NASDAQ:ROP) by 108.7% during the second quarter, HoldingsChannel.com reports. The fund owned 3,272 shares of the industrial products company’s stock after acquiring an additional 1,704 shares during the quarter. Phoenix Financial Ltd.’s holdings in Roper Technologies were worth $1,879,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Endowment Wealth Management Inc. increased its position in shares of Roper Technologies by 3.4% during the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 18 shares during the last quarter. Fiduciary Alliance LLC increased its position in shares of Roper Technologies by 0.8% during the 2nd quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company’s stock valued at $1,329,000 after purchasing an additional 18 shares during the last quarter. Winch Advisory Services LLC increased its position in shares of Roper Technologies by 2.2% during the 1st quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 20 shares during the last quarter. Townsend Asset Management Corp NC ADV increased its position in shares of Roper Technologies by 0.8% during the 2nd quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company’s stock valued at $1,448,000 after purchasing an additional 20 shares during the last quarter. Finally, Sagespring Wealth Partners LLC increased its position in shares of Roper Technologies by 2.9% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 718 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP stock opened at $514.52 on Wednesday. Roper Technologies, Inc. has a twelve month low of $492.25 and a twelve month high of $595.17. The stock has a market capitalization of $55.37 billion, a price-to-earnings ratio of 36.16, a P/E/G ratio of 2.37 and a beta of 1.00. The stock has a fifty day simple moving average of $514.79 and a two-hundred day simple moving average of $543.97. 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 (NASDAQ:ROP) last issued its earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. The business had revenue of $1.88 billion during the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. On average, analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, October 3rd. Roper Technologies’s dividend payout ratio is 23.19%.

Wall Street Analyst Weigh In

Several equities analysts have commented on ROP shares. Barclays cut their price objective on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. 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 report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Roper Technologies in a research report on Wednesday, October 8th. Citigroup started coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price objective on the stock. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $541.00 price objective (down previously from $577.00) on shares of Roper Technologies in a research report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $623.82.

About Roper Technologies

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.