Roper Technologies, Inc. $ROP Stake Lessened by Legal & General Group Plc

Legal & General Group Plc reduced its position in Roper Technologies, Inc. (NASDAQ:ROP) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 706,718 shares of the industrial products company’s stock after selling 28,584 shares during the period. Legal & General Group Plc owned about 0.66% of Roper Technologies worth $400,598,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new position in Roper Technologies in the first quarter worth approximately $894,764,000. Wellington Management Group LLP grew its position in Roper Technologies by 92.3% in the first quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company’s stock worth $826,030,000 after acquiring an additional 672,306 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Roper Technologies by 9.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock valued at $3,515,984,000 after purchasing an additional 500,764 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Roper Technologies by 555.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 542,110 shares of the industrial products company’s stock valued at $307,290,000 after purchasing an additional 459,396 shares during the last quarter. Finally, Swedbank AB boosted its holdings in Roper Technologies by 201.6% in the second quarter. Swedbank AB now owns 675,513 shares of the industrial products company’s stock worth $382,908,000 after purchasing an additional 451,549 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ROP. Robert W. Baird set a $592.00 price target on Roper Technologies in a research report on Friday, October 24th. Mizuho reduced their target price on Roper Technologies from $600.00 to $510.00 and set a “neutral” rating for the company in a report on Friday, October 17th. Royal Bank Of Canada downgraded Roper Technologies from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $644.00 to $539.00 in a report on Monday, October 27th. Truist Financial set a $650.00 price objective on shares of Roper Technologies in a research note on Friday, October 24th. Finally, Stifel Nicolaus set a $550.00 target price on shares of Roper Technologies in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $579.54.

Insider Activity

In other news, Director Amy Woods Brinkley bought 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average cost of $450.71 per share, for a total transaction of $540,852.00. Following the completion of the purchase, the director owned 18,184 shares of the company’s stock, valued at $8,195,710.64. This trade represents a 7.07% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Laurence Neil Hunn sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $443.57, for a total transaction of $13,307,100.00. Following the completion of the sale, the chief executive officer directly owned 87,311 shares in the company, valued at $38,728,540.27. This trade represents a 25.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.78% of the company’s stock.

Roper Technologies Stock Up 0.7%

ROP opened at $443.75 on Friday. The business has a 50 day moving average of $481.55 and a 200-day moving average of $528.06. The stock has a market capitalization of $47.76 billion, a price-to-earnings ratio of 30.58, a P/E/G ratio of 2.13 and a beta of 0.98. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. Roper Technologies, Inc. has a 1-year low of $435.42 and a 1-year high of $595.17.

Roper Technologies (NASDAQ:ROP) last announced its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.11 by $0.03. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the firm posted $4.62 earnings per share. Roper Technologies’s revenue was up 14.3% compared to the same quarter last year. 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, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, January 2nd. Roper Technologies’s dividend payout ratio (DPR) is 25.09%.

Roper Technologies Profile

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.