Waverly Advisors LLC Decreases Stake in Roper Technologies, Inc. $ROP

Waverly Advisors LLC lessened its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 reporting period.

Other hedge funds have also bought and sold shares of the company. Empirical Finance LLC grew its holdings in shares of Roper Technologies by 3.4% during the second quarter. Empirical Finance LLC now owns 3,720 shares of the industrial products company’s stock valued at $1,259,000 after buying an additional 122 shares during the last quarter. Nykredit A S purchased a new stake in Roper Technologies during the 2nd quarter valued at about $16,074,000. Range Advisory LLC increased its holdings in shares of Roper Technologies by 10.4% in the second quarter. Range Advisory LLC now owns 646 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 61 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Roper Technologies in the second quarter worth about $9,001,000. Finally, California State Teachers Retirement System lifted its holdings in shares of 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 worth $18,987,682,000 after purchasing an additional 55,935,415 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Down 0.0%

Shares of ROP stock opened at $388.52 on Friday. Roper Technologies, Inc. has a twelve month low of $305.96 and a twelve month high of $521.28. The stock has a market cap of $38.42 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.94 and a beta of 0.75. The stock has a 50 day moving average of $388.87 and a 200 day moving average of $359.96. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 0.57.

Roper Technologies (NASDAQ:ROP) last released its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $5.38 EPS for the quarter, topping the consensus estimate of $5.29 by $0.09. The business had revenue of $2.11 billion for the quarter. Roper Technologies had a return on equity of 11.36% and a net margin of 30.24%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.87 EPS. 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. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 22.22 EPS for the current year.

Roper Technologies Announces Dividend

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

Insider Buying and Selling at Roper Technologies

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ROP. Piper Sandler cut their price target on shares of Roper Technologies from $540.00 to $526.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. BMO Capital Markets assumed coverage on shares of Roper Technologies in a report on Friday, July 10th. They issued a “market perform” rating and a $393.00 price objective on the stock. Mizuho set a $355.00 price objective on shares of Roper Technologies in a research note on Tuesday, July 21st. JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $397.00 to $415.00 and gave the stock an “underweight” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Roper Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 14th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $466.94.

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.