Roper Technologies, Inc. $ROP Shares Acquired by Elevate Capital Advisors LLC

Elevate Capital Advisors LLC lifted its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 20.6% during the second quarter, Holdings Channel reports. The institutional investor owned 3,636 shares of the industrial products company’s stock after purchasing an additional 621 shares during the quarter. Roper Technologies comprises 1.6% of Elevate Capital Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Elevate Capital Advisors LLC’s holdings in Roper Technologies were worth $2,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company’s stock valued at $6,318,678,000 after buying an additional 142,150 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Roper Technologies by 9.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock worth $3,515,984,000 after purchasing an additional 500,764 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Roper Technologies by 0.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company’s stock worth $3,049,155,000 after purchasing an additional 20,238 shares in the last quarter. Nuveen LLC purchased a new stake in Roper Technologies during the first quarter worth $894,764,000. Finally, Wellington Management Group LLP boosted its position in Roper Technologies by 92.3% during the first quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company’s stock worth $826,030,000 after purchasing an additional 672,306 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

Roper Technologies stock opened at $499.95 on Friday. The firm has a market capitalization of $53.80 billion, a P/E ratio of 35.13, a PEG ratio of 2.34 and a beta of 1.00. The stock has a fifty day moving average price of $522.70 and a 200 day moving average price of $549.98. Roper Technologies, Inc. has a 52 week low of $492.25 and a 52 week 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 released its earnings results on Monday, July 21st. The industrial products company reported $4.87 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%.Roper Technologies’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $4.48 earnings per share. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies’s payout ratio is currently 23.19%.

Insider Activity

In other news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated Wednesday, July 23rd. The stock was 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 of the company’s stock, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the transaction, the director directly 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 disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ROP. Truist Financial boosted their target price on Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Citigroup assumed coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 target price on the stock. Barclays reduced their price objective on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Roper Technologies in a research report on Saturday, September 27th. Finally, Royal Bank Of Canada upped their price objective on Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $635.27.

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.