Pittenger & Anderson Inc. Acquires 185 Shares of Roper Technologies, Inc. $ROP

Pittenger & Anderson Inc. boosted its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,558 shares of the industrial products company’s stock after acquiring an additional 185 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Roper Technologies were worth $8,819,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Freedom Day Solutions LLC bought a new stake in shares of Roper Technologies in the 1st quarter valued at $1,808,000. Tandem Investment Advisors Inc. boosted its stake in shares of Roper Technologies by 49.9% in the 1st quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company’s stock valued at $57,914,000 after purchasing an additional 32,694 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Roper Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock valued at $1,115,000 after purchasing an additional 819 shares during the last quarter. Legacy Advisors LLC bought a new stake in shares of Roper Technologies in the 1st quarter valued at $264,000. Finally, Stephens Investment Management Group LLC boosted its stake in shares of Roper Technologies by 6.2% in the 1st quarter. Stephens Investment Management Group LLC now owns 28,102 shares of the industrial products company’s stock valued at $16,568,000 after purchasing an additional 1,635 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Up 0.3%

Roper Technologies stock opened at $505.89 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average is $514.89 and its 200 day moving average is $544.18. Roper Technologies, Inc. has a 12-month low of $492.25 and a 12-month high of $595.17. The company has a market capitalization of $54.44 billion, a PE ratio of 35.55, a PEG ratio of 2.36 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last released its quarterly earnings data 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 firm had revenue of $1.88 billion for 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. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

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

Insiders Place Their Bets

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the company’s 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 represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada upped their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Robert W. Baird boosted their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $541.00 target price (down previously from $577.00) on shares of Roper Technologies in a research report on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Roper Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $623.82.

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.