Nicholson Wealth Management Group LLC Purchases 698 Shares of Roper Technologies, Inc. $ROP

Nicholson Wealth Management Group LLC lifted its position in Roper Technologies, Inc. (NASDAQ:ROP) by 201.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,044 shares of the industrial products company’s stock after purchasing an additional 698 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in Roper Technologies were worth $592,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ROP. Brighton Jones LLC bought a new position in Roper Technologies in the fourth quarter valued at $203,000. GAMMA Investing LLC increased its stake in Roper Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock valued at $1,115,000 after acquiring an additional 819 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Roper Technologies by 1.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,490 shares of the industrial products company’s stock valued at $10,311,000 after acquiring an additional 311 shares during the last quarter. Ritholtz Wealth Management increased its stake in Roper Technologies by 6.3% in the first quarter. Ritholtz Wealth Management now owns 555 shares of the industrial products company’s stock valued at $327,000 after acquiring an additional 33 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Roper Technologies by 28.6% in the first quarter. Exchange Traded Concepts LLC now owns 117 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

ROP has been the subject of several analyst reports. Mizuho cut their price target on shares of Roper Technologies from $600.00 to $510.00 and set a “neutral” rating for the company in a research report on Friday. Barclays dropped their target price on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a report on Wednesday, October 1st. Robert W. Baird increased their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Citigroup assumed coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They set a “buy” rating and a $626.00 target price for the company. Finally, Truist Financial increased their target price on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $623.82.

Roper Technologies Price Performance

ROP stock opened at $504.52 on Friday. Roper Technologies, Inc. has a 1 year low of $492.25 and a 1 year high of $595.17. The company has a market cap of $54.29 billion, a P/E ratio of 35.45, a PEG ratio of 2.34 and a beta of 1.00. The firm has a 50-day moving average of $515.32 and a 200 day moving average of $544.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43.

Roper Technologies (NASDAQ:ROP) last announced its earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. The business had revenue of $1.88 billion during the quarter. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.7%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.19%.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 352 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 20,510 shares of the company’s stock, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president directly owned 38,932 shares of the company’s stock, valued at $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 company insiders.

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.