Phoenix Financial Ltd. Grows Stake in Roper Technologies, Inc. $ROP

Phoenix Financial Ltd. lifted its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 108.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,272 shares of the industrial products company’s stock after buying an additional 1,704 shares during the period. Phoenix Financial Ltd.’s holdings in Roper Technologies were worth $1,879,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ROP. Brighton Jones LLC purchased a new stake in shares of Roper Technologies during the fourth quarter valued at $203,000. GAMMA Investing LLC boosted its position in shares of Roper Technologies by 76.4% during the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock valued at $1,115,000 after buying an additional 819 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Roper Technologies by 1.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,490 shares of the industrial products company’s stock valued at $10,311,000 after buying an additional 311 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Roper Technologies by 28.6% during the first quarter. Exchange Traded Concepts LLC now owns 117 shares of the industrial products company’s stock valued at $69,000 after buying an additional 26 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Roper Technologies by 13.1% during the first quarter. Blue Trust Inc. now owns 320 shares of the industrial products company’s stock valued at $189,000 after buying an additional 37 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 1.7%

Shares of ROP opened at $514.52 on Wednesday. The business’s 50 day moving average is $514.79 and its 200 day moving average is $543.97. The company has a market capitalization of $55.37 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.37 and a beta of 1.00. Roper Technologies, Inc. has a 12-month low of $492.25 and a 12-month high of $595.17. 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 (EPS) for the quarter. The company had revenue of $1.88 billion for 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. Research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, October 3rd. Roper Technologies’s dividend payout ratio (DPR) is 23.19%.

Analysts Set New Price Targets

ROP has been the topic of a number of recent research reports. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $541.00 target price (down previously from $577.00) on shares of Roper Technologies in a report on Wednesday, October 15th. Barclays lowered their target price on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a report on Wednesday, October 1st. Robert W. Baird increased their target price on Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Mizuho lowered their target price on Roper Technologies from $600.00 to $510.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Roper Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $623.82.

Roper Technologies Company 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.