Roper Technologies, Inc. $ROP Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 293,915 shares of the industrial products company’s stock after acquiring an additional 4,404 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.27% of Roper Technologies worth $166,603,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in Roper Technologies in the first quarter valued at approximately $25,000. Banque Transatlantique SA acquired a new position in Roper Technologies in the first quarter valued at approximately $25,000. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies in the first quarter valued at approximately $27,000. Olde Wealth Management LLC acquired a new position in Roper Technologies in the first quarter valued at approximately $31,000. Finally, Wayfinding Financial LLC purchased a new stake in Roper Technologies in the first quarter valued at approximately $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Down 0.2%

Roper Technologies stock opened at $478.80 on Friday. Roper Technologies, Inc. has a twelve month low of $456.98 and a twelve month high of $595.17. The stock’s fifty day simple moving average is $512.60 and its 200-day simple moving average is $543.09. The company has a current ratio of 0.58, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $51.52 billion, a P/E ratio of 33.00, a P/E/G ratio of 2.29 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last issued its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $5.11 by $0.03. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.62 earnings per share. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. As a group, equities analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Wall Street Analyst Weigh In

ROP has been the topic of a number of research analyst reports. Citigroup initiated coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 target price on the stock. Raymond James Financial cut their target price on Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating on the stock in a research report on Friday. Barclays cut their target price on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. Jefferies Financial Group cut their target price on Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, TD Cowen cut their target price on Roper Technologies from $650.00 to $625.00 and set a “buy” rating on the stock in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $590.25.

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.