Roper Technologies, Inc. $ROP Stock Position Lifted by River Street Advisors LLC

River Street Advisors LLC grew its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 11.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,172 shares of the industrial products company’s stock after buying an additional 121 shares during the period. River Street Advisors LLC’s holdings in Roper Technologies were worth $664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ROP. Nuveen LLC acquired a new stake in shares of Roper Technologies during the 1st quarter worth approximately $894,764,000. Wellington Management Group LLP raised its position in shares of Roper Technologies by 92.3% during the 1st 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 during the period. Price T Rowe Associates Inc. MD raised its position in shares of Roper Technologies by 9.2% during the 1st 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 during the period. Swedbank AB raised its position in shares of Roper Technologies by 201.6% during the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company’s stock worth $382,908,000 after purchasing an additional 451,549 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Roper Technologies by 65.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company’s stock worth $377,407,000 after purchasing an additional 252,056 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Robert W. Baird increased their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Truist Financial increased their price target 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 began coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Roper Technologies from $561.00 to $577.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Barclays lowered their target price on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $635.27.

Roper Technologies Stock Performance

Shares of NASDAQ ROP opened at $497.59 on Friday. The stock has a fifty day moving average price of $523.96 and a two-hundred day moving average price of $550.51. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. The firm has a market cap of $53.55 billion, a P/E ratio of 34.97, a PEG ratio of 2.34 and a beta of 1.00. Roper Technologies, Inc. has a 1 year low of $492.25 and a 1 year high of $595.17.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $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. Research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

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

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the stock in a transaction 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 directly owned 20,510 shares of the company’s stock, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $846,255.00. Following the sale, the vice president directly owned 38,932 shares of the company’s stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

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.