Vise Technologies Inc. purchased a new position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the second quarter, Holdings Channel reports. The fund purchased 2,293 shares of the industrial products company’s stock, valued at approximately $1,300,000.
A number of other institutional investors also recently modified their holdings of ROP. Saudi Central Bank purchased a new position in Roper Technologies during the 1st quarter valued at about $25,000. Banque Transatlantique SA bought a new position in shares of Roper Technologies during the first quarter valued at approximately $25,000. J.Safra Asset Management Corp lifted its stake in Roper Technologies by 222.7% in the second quarter. J.Safra Asset Management Corp now owns 71 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 49 shares during the period. Westside Investment Management Inc. increased its position in Roper Technologies by 242.9% during the 2nd quarter. Westside Investment Management Inc. now owns 72 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 51 shares during the period. Finally, WPG Advisers LLC purchased a new position in shares of Roper Technologies during the first quarter valued at about $55,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Roper Technologies
In other Roper Technologies news, CEO Laurence Neil Hunn purchased 10,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of $452.23 per share, for a total transaction of $4,522,300.00. Following the transaction, the chief executive officer directly owned 97,311 shares in the company, valued at $44,006,953.53. This represents a 11.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amy Woods Brinkley acquired 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of $450.71 per share, with a total value of $540,852.00. Following the completion of the transaction, the director directly owned 18,184 shares in the company, valued at $8,195,710.64. This trade represents a 7.07% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.78% of the stock is currently owned by insiders.
Roper Technologies Trading Down 0.3%
Roper Technologies (NASDAQ:ROP – Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate of $5.11 by $0.03. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. Roper Technologies had a return on equity of 10.92% and a net margin of 20.34%.The firm’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company posted $4.62 earnings per share. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. As a group, equities analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.
Roper Technologies Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be issued a $0.91 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. Roper Technologies’s payout ratio is currently 25.09%.
Analyst Upgrades and Downgrades
ROP has been the topic of a number of analyst reports. Stifel Nicolaus set a $550.00 price objective on Roper Technologies in a research report on Friday, October 24th. Robert W. Baird set a $592.00 price objective on shares of Roper Technologies in a report on Friday, October 24th. Citigroup initiated coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 target price on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and set a $541.00 price objective (down from $577.00) on shares of Roper Technologies in a research note on Wednesday, October 15th. Finally, Barclays dropped their price target on shares of Roper Technologies from $550.00 to $506.00 and set an “underweight” rating for the company in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $577.83.
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.
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