Palliser Capital UK Ltd Acquires Shares of 6,986 Roper Technologies, Inc. $ROP

Palliser Capital UK Ltd bought a new stake in Roper Technologies, Inc. (NASDAQ:ROPFree Report) during the second quarter, HoldingsChannel.com reports. The firm bought 6,986 shares of the industrial products company’s stock, valued at approximately $2,364,000. Roper Technologies accounts for approximately 1.3% of Palliser Capital UK Ltd’s portfolio, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Private Wealth Management Group LLC raised its holdings in shares of Roper Technologies by 195.8% during the 1st quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock worth $25,000 after buying an additional 47 shares in the last quarter. Triumph Capital Management acquired a new stake in Roper Technologies in the third quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. bought a new position in Roper Technologies in the second quarter valued at about $27,000. Tucker Asset Management LLC bought a new position in Roper Technologies in the fourth quarter valued at about $33,000. Finally, Global Assets Advisory LLC acquired a new position in Roper Technologies during the first quarter worth about $36,000. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 6,434 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $361.00, for a total value of $2,322,674.00. Following the completion of the sale, the director directly owned 7,423 shares in the company, valued at $2,679,703. This represents a 46.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John K. Stipancich sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 35,634 shares of the company’s stock, valued at approximately $13,507,067.70. This represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ROP. Weiss Ratings upgraded shares of Roper Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 14th. Piper Sandler dropped their price objective on shares of Roper Technologies from $540.00 to $526.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Zacks Research lowered shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $397.00 to $415.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 29th. Finally, Argus upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 price target for the company in a report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $466.94.

Get Our Latest Report on ROP

Roper Technologies Stock Performance

Roper Technologies stock opened at $415.51 on Tuesday. The business has a 50 day moving average of $369.01 and a 200-day moving average of $352.96. The company has a market capitalization of $41.09 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.85 and a beta of 0.74. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $536.57. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.55 and a quick ratio of 0.51.

Roper Technologies (NASDAQ:ROPGet Free Report) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $5.38 EPS for the quarter, topping the consensus estimate of $5.29 by $0.09. Roper Technologies had a net margin of 30.24% and a return on equity of 11.36%. The business had revenue of $2.11 billion for the quarter. During the same quarter in the prior year, the business earned $4.87 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. 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. On average, equities research analysts predict that Roper Technologies, Inc. will post 22.22 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, October 2nd. Roper Technologies’s payout ratio is 15.08%.

Roper Technologies Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROPFree Report).

Institutional Ownership by Quarter for Roper Technologies (NASDAQ:ROP)

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.