Novare Capital Management LLC Sells 5,043 Shares of Roper Technologies, Inc. $ROP

Novare Capital Management LLC reduced its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 13.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,313 shares of the industrial products company’s stock after selling 5,043 shares during the quarter. Novare Capital Management LLC’s holdings in Roper Technologies were worth $11,788,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Triumph Capital Management acquired a new position in shares of Roper Technologies in the 3rd quarter valued at approximately $25,000. Tucker Asset Management LLC acquired a new stake in Roper Technologies during the 4th quarter worth approximately $33,000. Board of the Pension Protection Fund bought a new position in Roper Technologies in the fourth quarter valued at approximately $36,000. Kelleher Financial Advisors bought a new position in Roper Technologies in the third quarter valued at approximately $40,000. Finally, MV Capital Management Inc. acquired a new position in shares of Roper Technologies in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

NASDAQ ROP opened at $325.09 on Tuesday. The firm’s 50 day moving average is $338.89 and its 200-day moving average is $369.85. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $32.81 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.50 and a beta of 0.77. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $575.77.

Roper Technologies (NASDAQ:ROP) last announced its earnings results on Thursday, April 23rd. The industrial products company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.97 by $0.19. Roper Technologies had a net margin of 21.12% and a return on equity of 11.16%. The business had revenue of $2.10 billion during the quarter. During the same quarter in the previous year, the company posted $4.78 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Roper Technologies has set its Q2 2026 guidance at 5.250-5.30 EPS and its FY 2026 guidance at 21.800-22.050 EPS. Equities research analysts anticipate that Roper Technologies, Inc. will post 21.95 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. Roper Technologies’s payout ratio is currently 22.74%.

Analyst Ratings Changes

A number of brokerages recently commented on ROP. Zacks Research upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Barclays reduced their target price on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research note on Friday, April 24th. Robert W. Baird lifted their price target on Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Royal Bank Of Canada boosted their price target on Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Finally, Piper Sandler upped their price objective on Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Roper Technologies has an average rating of “Hold” and a consensus target price of $472.07.

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.