Soundwatch Capital LLC Purchases New Stake in Roper Technologies, Inc. $ROP

Soundwatch Capital LLC purchased a new position in Roper Technologies, Inc. (NASDAQ:ROP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 397 shares of the industrial products company’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaCore Capital LLC boosted its holdings in shares of Roper Technologies by 34.7% during the second quarter. AlphaCore Capital LLC now owns 1,002 shares of the industrial products company’s stock worth $568,000 after purchasing an additional 258 shares during the period. Mufg Securities Americas Inc. increased its holdings in Roper Technologies by 25.5% during the 2nd quarter. Mufg Securities Americas Inc. now owns 2,383 shares of the industrial products company’s stock valued at $1,351,000 after purchasing an additional 484 shares during the period. Evelyn Partners Investment Management LLP raised its position in Roper Technologies by 372.7% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 29,905 shares of the industrial products company’s stock valued at $16,481,000 after purchasing an additional 23,579 shares during the last quarter. AXQ Capital LP purchased a new stake in Roper Technologies in the 2nd quarter worth approximately $1,795,000. Finally, Journey Strategic Wealth LLC bought a new stake in shares of Roper Technologies in the 2nd quarter worth approximately $389,000. 93.31% of the stock is owned by institutional investors.

Insider Activity at Roper Technologies

In related news, CEO Laurence Neil Hunn bought 10,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were acquired at an average cost of $452.23 per share, with a total value of $4,522,300.00. Following the completion of the acquisition, the chief executive officer owned 97,311 shares of the company’s stock, valued at $44,006,953.53. The trade was a 11.45% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy Woods Brinkley purchased 1,200 shares of Roper Technologies stock in a transaction dated Wednesday, November 12th. The shares were bought at an average price of $450.71 per share, with a total value of $540,852.00. Following the completion of the acquisition, the director directly owned 18,184 shares of the company’s stock, valued at approximately $8,195,710.64. This represents a 7.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ROP shares. Weiss Ratings restated a “hold (c)” rating on shares of Roper Technologies in a report on Friday, October 31st. Mizuho reduced their price objective on shares of Roper Technologies from $600.00 to $510.00 and set a “neutral” rating on the stock in a research report on Friday, October 17th. Truist Financial set a $650.00 target price on shares of Roper Technologies in a research report on Friday, October 24th. Jefferies Financial Group cut their target price on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $541.00 price target (down from $577.00) on shares of Roper Technologies in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $579.54.

Roper Technologies Stock Performance

Shares of ROP stock opened at $443.75 on Friday. The company’s fifty day moving average price is $481.55 and its 200-day moving average price is $527.76. The stock has a market cap of $47.76 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. Roper Technologies, Inc. has a 12 month low of $435.42 and a 12 month high of $595.17.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.11 by $0.03. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the company posted $4.62 EPS. Roper Technologies’s revenue was up 14.3% on a year-over-year basis. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. On average, equities analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.83. Roper Technologies’s payout ratio is presently 25.09%.

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.