Parnassus Investments LLC Decreases Position in Roper Technologies, Inc. $ROP

Parnassus Investments LLC lowered its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 3.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 93,440 shares of the industrial products company’s stock after selling 3,643 shares during the quarter. Parnassus Investments LLC owned about 0.09% of Roper Technologies worth $46,598,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Fiduciary Alliance LLC increased its holdings in Roper Technologies by 0.8% in the 2nd quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company’s stock worth $1,329,000 after buying an additional 18 shares during the period. Townsend Asset Management Corp NC ADV boosted its holdings in shares of Roper Technologies by 0.8% in the 2nd quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company’s stock valued at $1,448,000 after acquiring an additional 20 shares during the last quarter. Sagespring Wealth Partners LLC increased its stake in shares of Roper Technologies by 2.9% in the second quarter. Sagespring Wealth Partners LLC now owns 718 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 20 shares during the period. Trust Co. of Vermont raised its holdings in shares of Roper Technologies by 1.8% during the third quarter. Trust Co. of Vermont now owns 1,106 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 20 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Roper Technologies by 1.3% in the second quarter. First Horizon Advisors Inc. now owns 1,668 shares of the industrial products company’s stock valued at $946,000 after purchasing an additional 21 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Roper Technologies

In other news, CEO Laurence Neil Hunn acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of $452.23 per share, for a total transaction of $4,522,300.00. Following the transaction, the chief executive officer directly owned 97,311 shares in the company, valued at approximately $44,006,953.53. This represents a 11.45% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy Woods Brinkley bought 1,200 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of $450.71 per share, with a total value of $540,852.00. Following the completion of the acquisition, the director owned 18,184 shares of the company’s stock, valued at $8,195,710.64. This represents a 7.07% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.78% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ROP has been the subject of a number of analyst reports. Stifel Nicolaus set a $550.00 price target on Roper Technologies in a report on Friday, October 24th. Robert W. Baird set a $592.00 target price on shares of Roper Technologies in a research note on Friday, October 24th. Jefferies Financial Group lowered their target price on shares of Roper Technologies from $650.00 to $600.00 and set a “buy” rating on the stock in a research note on Monday. TD Cowen cut their price target on Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Finally, Oppenheimer reiterated an “outperform” rating and set a $570.00 price target on shares of Roper Technologies in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $562.07.

Roper Technologies Price Performance

ROP stock opened at $434.81 on Friday. The business’s 50-day moving average is $445.14 and its two-hundred day moving average is $497.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.58 and a quick ratio of 0.53. Roper Technologies, Inc. has a 1 year low of $427.89 and a 1 year high of $595.17. The firm has a market capitalization of $46.80 billion, a P/E ratio of 29.97, a P/E/G ratio of 2.03 and a beta of 0.94.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.11 by $0.03. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business earned $4.62 EPS. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS and its FY 2025 guidance at 19.900-19.950 EPS. Analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be paid a $0.91 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, January 2nd. Roper Technologies’s payout ratio is currently 25.09%.

About Roper Technologies

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.