Fenimore Asset Management Inc Grows Position in Roper Technologies, Inc. $ROP

Fenimore Asset Management Inc lifted its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 4.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 48,994 shares of the industrial products company’s stock after purchasing an additional 1,976 shares during the period. Fenimore Asset Management Inc’s holdings in Roper Technologies were worth $27,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ROP. Saudi Central Bank bought a new position in shares of Roper Technologies during the 1st quarter worth approximately $25,000. Banque Transatlantique SA purchased a new position in Roper Technologies in the first quarter worth $25,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Roper Technologies during the 1st quarter valued at $27,000. Olde Wealth Management LLC acquired a new stake in Roper Technologies in the first quarter worth about $31,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Roper Technologies during the first quarter worth about $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

Shares of NASDAQ ROP opened at $499.95 on Monday. The company has a market capitalization of $53.80 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 2.35 and a beta of 1.00. 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 company’s fifty day moving average price is $522.70 and its 200 day moving average price is $549.61. 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 data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping 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 period in the prior year, the company earned $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. On average, research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a $0.825 dividend. 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%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ROP. Royal Bank Of Canada lifted their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Barclays dropped their price objective on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a report on Wednesday. Robert W. Baird lifted 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Roper Technologies in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. lifted their target price on Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $635.27.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 352 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was 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.

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.