Eastern Bank Sells 14,000 Shares of Roper Technologies, Inc. $ROP

Eastern Bank decreased its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 99.4% in the second quarter, Holdings Channel reports. The fund owned 88 shares of the industrial products company’s stock after selling 14,000 shares during the period. Eastern Bank’s holdings in Roper Technologies were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in Roper Technologies by 13.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,379 shares of the industrial products company’s stock valued at $842,000 after buying an additional 274 shares during the last quarter. Caerus Investment Advisors LLC lifted its holdings in shares of Roper Technologies by 7.0% during the first quarter. Caerus Investment Advisors LLC now owns 853 shares of the industrial products company’s stock worth $302,000 after buying an additional 56 shares during the last quarter. Keel Point LLC lifted its holdings in shares of Roper Technologies by 12.2% during the first quarter. Keel Point LLC now owns 8,847 shares of the industrial products company’s stock worth $3,131,000 after buying an additional 959 shares during the last quarter. Groupama Asset Managment boosted its position in shares of Roper Technologies by 27.9% in the first quarter. Groupama Asset Managment now owns 21,116 shares of the industrial products company’s stock valued at $7,472,000 after acquiring an additional 4,605 shares during the period. Finally, Compass Capital Management Inc. grew its stake in shares of Roper Technologies by 15.5% in the first quarter. Compass Capital Management Inc. now owns 137,139 shares of the industrial products company’s stock worth $48,528,000 after acquiring an additional 18,410 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 6,434 shares of Roper Technologies stock in a transaction that occurred on 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 completion of the transaction, the director owned 7,423 shares in the company, valued at approximately $2,679,703. The trade was a 46.43% 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, EVP John K. Stipancich sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $379.05, for a total value of $758,100.00. Following the completion of the transaction, the executive vice president directly owned 35,634 shares in the company, valued at $13,507,067.70. The trade was a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ROP shares. Piper Sandler dropped their target price on shares of Roper Technologies from $540.00 to $526.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Robert W. Baird set a $480.00 price target on shares of Roper Technologies in a research report on Friday, July 24th. Argus upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 price objective on the stock in a report on Thursday. Zacks Research lowered shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Mizuho set a $355.00 target price on shares of Roper Technologies in a research note on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Hold” and an average target price of $466.94.

Roper Technologies Stock Up 0.6%

Shares of NASDAQ ROP opened at $397.08 on Friday. The stock has a market cap of $39.27 billion, a PE ratio of 16.45, a PEG ratio of 1.78 and a beta of 0.74. The business has a fifty day moving average of $352.58 and a two-hundred day moving average of $351.62. Roper Technologies, Inc. has a 52-week low of $305.96 and a 52-week high of $546.52. 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 earnings results on Thursday, July 23rd. The industrial products company reported $5.38 earnings per share 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 net margin of 30.24% and a return on equity of 11.36%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous 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, equities research analysts expect that Roper Technologies, Inc. will post 22.22 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $3.64 annualized dividend and a dividend yield of 0.9%. Roper Technologies’s dividend payout ratio (DPR) is presently 15.08%.

Roper Technologies Profile

Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.

Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.