Phraction Management LLC Sells 395 Shares of Roper Technologies, Inc. $ROP

Phraction Management LLC reduced its position in Roper Technologies, Inc. (NASDAQ:ROP) by 44.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500 shares of the industrial products company’s stock after selling 395 shares during the quarter. Phraction Management LLC’s holdings in Roper Technologies were worth $283,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup assumed coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price target for the company. Truist Financial lifted their target price on Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Robert W. Baird raised their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Finally, Barclays reduced their price objective on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $635.27.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the sale, the director owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares of the company’s stock, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

Roper Technologies Trading Down 0.1%

NASDAQ:ROP opened at $497.59 on Friday. The company has a market capitalization of $53.55 billion, a P/E ratio of 34.97, a PEG ratio of 2.34 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. Roper Technologies, Inc. has a 12 month low of $492.25 and a 12 month high of $595.17. The firm has a fifty day simple moving average of $523.96 and a 200-day simple moving average of $550.51.

Roper Technologies (NASDAQ:ROP) last released its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.During the same period in the prior year, the business posted $4.48 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.7%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.19%.

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.