Morningstar Investment Management LLC acquired a new stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,833 shares of the industrial products company’s stock, valued at approximately $1,039,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Endowment Wealth Management Inc. lifted its position in Roper Technologies by 3.4% in the first quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 18 shares during the last quarter. Fiduciary Alliance LLC lifted its position in Roper Technologies by 0.8% in the second quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company’s stock valued at $1,329,000 after purchasing an additional 18 shares during the last quarter. Winch Advisory Services LLC lifted its position in Roper Technologies by 2.2% in the first quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 20 shares during the last quarter. Townsend Asset Management Corp NC ADV increased its stake in shares of Roper Technologies by 0.8% during the second quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company’s stock valued at $1,448,000 after buying an additional 20 shares during the period. Finally, Convergence Financial LLC raised its holdings in shares of Roper Technologies by 3.3% during the first quarter. Convergence Financial LLC now owns 689 shares of the industrial products company’s stock valued at $406,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.
Insiders Place Their Bets
In other 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 value of $195,800.00. Following the sale, the director directly owned 20,510 shares of the company’s stock, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 1,500 shares of the 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 completion of the sale, the vice president directly owned 38,932 shares in the company, 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. Corporate insiders own 0.87% of the company’s stock.
Analyst Ratings Changes
View Our Latest Research Report on Roper Technologies
Roper Technologies Price Performance
Shares of ROP stock opened at $512.73 on Tuesday. The stock has a market cap of $55.17 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 2.39 and a beta of 1.00. The business’s fifty day moving average is $517.98 and its 200 day moving average is $546.75. Roper Technologies, Inc. has a twelve month low of $492.25 and a twelve month high of $595.17. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40.
Roper Technologies (NASDAQ:ROP – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. The company had revenue of $1.88 billion for the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. Research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.
Roper Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies’s dividend payout ratio is presently 23.19%.
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.
Featured Stories
- Five stocks we like better than Roper Technologies
- What is the FTSE 100 index?
- FICO’s Big Dip Could Be the Best Buying Chance of the Year
- Dividend Capture Strategy: What You Need to Know
- D-Wave: Reevaluating the Short Seller’s Case After the Downgrade
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- Datavault: A Speculative AI Play, But Beware of Volatility
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP – Free Report).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.