Hartford Funds Management Co LLC Sells 528 Shares of Roper Technologies, Inc. $ROP

Hartford Funds Management Co LLC cut its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 59.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 357 shares of the industrial products company’s stock after selling 528 shares during the period. Roper Technologies makes up about 0.0% of Hartford Funds Management Co LLC’s portfolio, making the stock its 18th biggest holding. Hartford Funds Management Co LLC’s holdings in Roper Technologies were worth $202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Saudi Central Bank purchased a new stake in Roper Technologies during the first quarter valued at $25,000. Banque Transatlantique SA bought a new position in shares of Roper Technologies in the 1st quarter valued at about $25,000. J.Safra Asset Management Corp grew its position 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 in the last quarter. Westside Investment Management Inc. increased its stake in Roper Technologies by 242.9% during the second quarter. Westside Investment Management Inc. now owns 72 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 51 shares during the last quarter. Finally, Alpine Bank Wealth Management lifted its stake in shares of Roper Technologies by 68.4% in the 2nd quarter. Alpine Bank Wealth Management now owns 96 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 39 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $447.05 on Monday. The company has a market capitalization of $48.12 billion, a PE ratio of 30.81, a P/E/G ratio of 2.13 and a beta of 0.98. The company has a 50-day simple moving average of $496.31 and a two-hundred day simple moving average of $535.61. Roper Technologies, Inc. has a one year low of $435.42 and a one year high of $595.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.58.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate of $5.11 by $0.03. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. During the same quarter in the previous year, the business posted $4.62 EPS. Roper Technologies’s revenue was up 14.3% on a year-over-year basis. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. Research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm 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. This represents a $3.64 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, January 2nd. Roper Technologies’s dividend payout ratio is 22.74%.

Analyst Ratings Changes

ROP has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Roper Technologies in a report on Friday, October 31st. Stifel Nicolaus set a $550.00 price objective on Roper Technologies in a report on Friday, October 24th. Citigroup initiated coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price target on the stock. Royal Bank Of Canada cut shares of Roper Technologies from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $644.00 to $539.00 in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $541.00 price target (down previously from $577.00) on shares of Roper Technologies in a report on Wednesday, October 15th. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.