5,447 Shares of Roper Technologies, Inc. $ROP Acquired by Ascent Group LLC

Ascent Group LLC purchased a new position in Roper Technologies, Inc. (NASDAQ:ROP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,447 shares of the industrial products company’s stock, valued at approximately $1,903,000.

Several other large investors also recently bought and sold shares of ROP. BlackRock Inc. acquired a new position in shares of Roper Technologies in the 2nd quarter valued at $3,346,912,000. Wellington Management Group LLP purchased a new position in Roper Technologies during the 2nd quarter valued at about $890,328,000. Corient Private Wealth LP acquired a new position in shares of Roper Technologies during the second quarter worth approximately $80,953,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Roper Technologies by 6.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,367,260 shares of the industrial products company’s stock valued at $462,667,000 after buying an additional 78,713 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Roper Technologies by 206.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company’s stock worth $474,070,000 after acquiring an additional 903,223 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling

In other news, EVP John Stipancich sold 3,500 shares of the stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $449.04, for a total transaction of $1,571,640.00. Following the transaction, the executive vice president owned 35,434 shares of the company’s stock, valued at $15,911,283.36. This represents a 8.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jason Conley sold 12,000 shares of the firm’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $435.53, for a total value of $5,226,360.00. Following the completion of the transaction, the executive vice president directly owned 28,457 shares of the company’s stock, valued at $12,393,877.21. The trade was a 29.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 57,500 shares of company stock valued at $27,476,600 in the last ninety days. Insiders own 0.80% of the company’s stock.

Key Headlines Impacting Roper Technologies

Here are the key news stories impacting Roper Technologies this week:

• Positive Sentiment: Roper raised its quarterly dividend about 10%, from $0.91 to $1.00 per share, extending its streak of annual increases to 34 years. The increase signals continued commitment to shareholder returns and confidence in the business. Roper Technologies Rewards Shareholders With 10% Dividend Hike
• Negative Sentiment: CEO Laurence Hunn sold 40,000 shares for $19.7 million, reducing his direct holdings by 47.36%. Separately, Chief Accounting Officer Brandon Cross sold 2,000 shares, cutting his position by 46.83%. The sales may raise investor concern, though insider transactions alone do not establish a negative outlook. CEO SEC filing CAO SEC filing
• Negative Sentiment: A recent commentary says ROP looks fully valued as investors focus on cash flow, suggesting limited room for further gains if cash generation does not support expectations. Roper Technologies Stock Looks Fully Valued As Cash Flow Comes Into Focus

Analyst Upgrades and Downgrades

Several brokerages recently commented on ROP. Royal Bank Of Canada upped their target price on Roper Technologies from $417.00 to $450.00 and gave the company a “sector perform” rating in a report on Friday, October 23rd. Jefferies Financial Group upped their target price on shares of Roper Technologies from $500.00 to $540.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Piper Sandler reduced their price target on shares of Roper Technologies from $540.00 to $526.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Citigroup boosted their target price on shares of Roper Technologies from $450.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Finally, Robert W. Baird set a $480.00 price target on Roper Technologies and gave the stock an “outperform” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $469.41.

Roper Technologies Trading Down 2.9%

Shares of ROP opened at $476.60 on Friday. The company has a market capitalization of $47.14 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.38 and a beta of 0.67. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $507.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.43. The stock has a 50-day moving average price of $399.06 and a 200 day moving average price of $367.19.

Roper Technologies (NASDAQ:ROP) last announced its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, topping the consensus estimate of $5.79 by $0.10. The company had revenue of $2.17 billion during the quarter. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.14 earnings per share. Sell-side analysts forecast that Roper Technologies, Inc. will post 22.38 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 19th. Investors of record on Monday, January 4th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.8%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Monday, January 4th. Roper Technologies’s payout ratio is 14.36%.

About Roper Technologies

Roper Technologies is a diversified technology company that develops and operates software and technology-enabled businesses. Its products and services support organizations in areas including healthcare, legal services, construction, education, insurance, and energy.

The company’s portfolio includes vertical-market software, network software, and technology-enabled products. Its offerings range from specialized business and data-management applications to measurement and analytical products used in industrial and other settings.

Roper traces its history to 1981, when it was established as Roper Industries; it adopted the name Roper Technologies in 2015 as its business increasingly focused on software and technology.