Shell Asset Management Co. Buys 316 Shares of Roper Technologies, Inc. $ROP

Shell Asset Management Co. raised its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 15.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,402 shares of the industrial products company’s stock after acquiring an additional 316 shares during the period. Shell Asset Management Co.’s holdings in Roper Technologies were worth $1,362,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ROP. Brighton Jones LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at $203,000. NBC Securities Inc. purchased a new stake in shares of Roper Technologies during the 1st quarter valued at $74,000. Farther Finance Advisors LLC increased its position in shares of Roper Technologies by 1.8% during the 1st quarter. Farther Finance Advisors LLC now owns 3,286 shares of the industrial products company’s stock valued at $1,941,000 after purchasing an additional 58 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Roper Technologies during the 1st quarter valued at $1,388,000. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Roper Technologies by 8.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 439 shares of the industrial products company’s stock valued at $259,000 after purchasing an additional 33 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROP has been the subject of several recent research reports. Citigroup assumed coverage on Roper Technologies in a report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price objective for the company. 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. 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. 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Roper Technologies in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $635.27.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the sale, the vice president 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. Company insiders own 0.78% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP opened at $520.00 on Thursday. The company has a market cap of $55.96 billion, a PE ratio of 36.54, a price-to-earnings-growth 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 stock has a 50-day moving average price of $519.96 and a 200-day moving average price of $548.69. Roper Technologies, Inc. has a 12-month low of $492.25 and a 12-month 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 in the prior year, the firm 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. As a group, equities analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies’s dividend payout ratio (DPR) is 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.