LGT Fund Management Co Ltd. Lowers Stock Holdings in Roper Technologies, Inc. $ROP

LGT Fund Management Co Ltd. lowered its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 58.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 5,146 shares of the industrial products company’s stock after selling 7,239 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Roper Technologies were worth $2,917,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ROP. Saudi Central Bank bought a new stake in shares of Roper Technologies during the first quarter valued at approximately $25,000. Banque Transatlantique SA bought a new stake in shares of Roper Technologies during the first quarter valued at approximately $25,000. MorganRosel Wealth Management LLC bought a new stake in shares of Roper Technologies during the first quarter valued at approximately $27,000. Olde Wealth Management LLC bought a new stake in shares of Roper Technologies during the first quarter valued at approximately $31,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Roper Technologies during the first quarter valued at approximately $31,000. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.5%

Shares of ROP stock opened at $499.95 on Friday. Roper Technologies, Inc. has a 1 year low of $492.25 and a 1 year high of $595.17. The firm has a fifty day moving average price of $522.70 and a 200-day moving average price of $549.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43. The company has a market cap of $53.80 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 2.34 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings data 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 net margin of 20.62% and a return on equity of 10.83%. During the same quarter in the prior year, the business posted $4.48 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. 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 predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president owned 38,932 shares in the company, 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 currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ROP shares. Royal Bank Of Canada raised their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Roper Technologies in a research report on Saturday, September 27th. Robert W. Baird lifted their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Finally, Citigroup initiated coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $635.27.

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.