Waverly Advisors LLC Sells 1,387 Shares of Roper Technologies, Inc. $ROP

Waverly Advisors LLC reduced its position in Roper Technologies, Inc. (NASDAQ:ROP) by 11.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,865 shares of the industrial products company’s stock after selling 1,387 shares during the period. Waverly Advisors LLC’s holdings in Roper Technologies were worth $3,677,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empirical Finance LLC raised its holdings in shares of Roper Technologies by 3.4% during the 2nd quarter. Empirical Finance LLC now owns 3,720 shares of the industrial products company’s stock worth $1,259,000 after acquiring an additional 122 shares in the last quarter. Nykredit A S bought a new stake in Roper Technologies in the second quarter worth $16,074,000. Range Advisory LLC increased its position in Roper Technologies by 10.4% in the second quarter. Range Advisory LLC now owns 646 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 61 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Roper Technologies during the second quarter valued at $9,001,000. Finally, California State Teachers Retirement System raised its stake in Roper Technologies by 31,706.7% during the second quarter. California State Teachers Retirement System now owns 56,111,830 shares of the industrial products company’s stock valued at $18,987,682,000 after purchasing an additional 55,935,415 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP John K. Stipancich sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $379.05, for a total value of $758,100.00. Following the sale, the executive vice president directly owned 35,634 shares in the company, valued at approximately $13,507,067.70. This trade represents a 5.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard F. Wallman sold 6,434 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $361.00, for a total transaction of $2,322,674.00. Following the transaction, the director owned 7,423 shares of the company’s stock, valued at approximately $2,679,703. This trade represents a 46.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ROP. Raymond James Financial cut shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $397.00 to $415.00 and gave the company an “underweight” rating in a report on Wednesday, July 29th. Mizuho set a $355.00 price target on Roper Technologies in a research report on Tuesday, July 21st. BMO Capital Markets started coverage on Roper Technologies in a research note on Friday, July 10th. They set a “market perform” rating and a $393.00 price objective on the stock. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $417.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 18th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Roper Technologies currently has an average rating of “Hold” and a consensus price target of $466.94.

Roper Technologies Trading Down 0.0%

Shares of NASDAQ ROP opened at $388.52 on Friday. Roper Technologies, Inc. has a fifty-two week low of $305.96 and a fifty-two week high of $521.28. The company has a market cap of $38.42 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.94 and a beta of 0.75. The business’s 50 day moving average price is $388.87 and its 200-day moving average price is $359.96. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.51 and a current ratio of 0.55.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.09. Roper Technologies had a net margin of 30.24% and a return on equity of 11.36%. The firm had revenue of $2.11 billion during the quarter. During the same period in the prior year, the firm posted $4.87 EPS. The business’s revenue was up 8.5% on a year-over-year basis. Roper Technologies has set its FY 2026 guidance at 22.150-22.300 EPS and its Q3 2026 guidance at 5.750-5.800 EPS. On average, sell-side analysts expect that Roper Technologies, Inc. will post 22.22 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 2nd. Roper Technologies’s payout ratio is presently 15.08%.

Roper Technologies Company Profile

Roper Technologies, Inc (NASDAQ:ROP) is a diversified technology company that develops and operates specialized businesses serving niche markets. Its portfolio primarily consists of software and technology-enabled businesses that provide products and services to commercial, government, healthcare, education, and other professional customers.

The company’s activities include vertical-market software, network and data-management software, and technology-enabled products. Its software businesses support functions such as healthcare operations, education administration, construction and engineering, legal and professional services, and enterprise workflow management.