J.Safra Asset Management Corp Raises Stake in Roper Technologies, Inc. $ROP

J.Safra Asset Management Corp increased its stake in Roper Technologies, Inc. (NASDAQ:ROP) by 222.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 71 shares of the industrial products company’s stock after buying an additional 49 shares during the quarter. J.Safra Asset Management Corp’s holdings in Roper Technologies were worth $40,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Saudi Central Bank purchased a new position in shares of Roper Technologies in the 1st quarter worth about $25,000. MorganRosel Wealth Management LLC purchased a new stake in Roper Technologies during the first quarter valued at about $27,000. Banque Transatlantique SA purchased a new stake in Roper Technologies during the first quarter valued at about $25,000. Olde Wealth Management LLC purchased a new stake in Roper Technologies during the first quarter valued at about $31,000. Finally, Wayfinding Financial LLC purchased a new stake in Roper Technologies during the first quarter valued at about $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was 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 in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Trading Up 0.2%

Shares of Roper Technologies stock opened at $513.82 on Wednesday. Roper Technologies, Inc. has a 12-month low of $492.25 and a 12-month high of $595.17. The company has a market cap of $55.29 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.40 and a beta of 1.00. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $517.49 and its 200-day moving average price is $546.52.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share (EPS) for the quarter. The firm had revenue of $1.88 billion for 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. On average, equities analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on ROP. JPMorgan Chase & Co. upped their price objective on shares of Roper Technologies from $561.00 to $577.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Citigroup began coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price objective on the stock. 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 report on Wednesday, October 1st. 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 report on Tuesday, July 22nd. Finally, 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 report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has 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 an average target price of $635.27.

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.