Bamco Inc. NY acquired a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 173,931 shares of the industrial products company's stock, valued at approximately $58,857,000. Bamco Inc. NY owned approximately 0.18% of Roper Technologies as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Roper Technologies in the 2nd quarter worth about $3,346,912,000. State Street Corp grew its stake in Roper Technologies by 2.1% during the 4th quarter. State Street Corp now owns 5,092,005 shares of the industrial products company's stock valued at $2,266,604,000 after acquiring an additional 105,250 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Roper Technologies by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 2,641,573 shares of the industrial products company's stock valued at $1,172,099,000 after purchasing an additional 22,335 shares during the period. Norges Bank acquired a new position in shares of Roper Technologies in the 4th quarter valued at about $1,112,873,000. Finally, Invesco Ltd. lifted its position in shares of Roper Technologies by 11.0% in the fourth quarter. Invesco Ltd. now owns 1,861,975 shares of the industrial products company's stock worth $828,821,000 after purchasing an additional 184,644 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.
Analyst Upgrades and Downgrades
ROP has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Roper Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 14th. Zacks Research downgraded shares of Roper Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $397.00 to $415.00 and gave the company an "underweight" rating in a research note on Wednesday, July 29th. Argus upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and set a $450.00 price target on the stock in a report on Thursday, August 6th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $417.00 price target on shares of Roper Technologies in a research note on Tuesday, August 18th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $466.94.
Get Our Latest Stock Analysis on ROP
Insiders Place Their Bets
In related news, Director Richard F. Wallman sold 6,434 shares of Roper Technologies stock in a transaction on Friday, July 24th. The shares were sold at an average price of $361.00, for a total value of $2,322,674.00. Following the transaction, the director owned 7,423 shares in the company, valued at $2,679,703. This trade represents a 46.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John K. Stipancich sold 2,000 shares of the business's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $379.05, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.80% of the company's stock.
Roper Technologies Stock Performance
Shares of ROP opened at $413.28 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 0.57. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $532.18. The company's fifty day moving average is $372.19 and its 200-day moving average is $353.78. The firm has a market cap of $40.87 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.86 and a beta of 0.74.
Roper Technologies (NASDAQ:ROP - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $5.38 earnings per share for the quarter, beating analysts' consensus estimates of $5.29 by $0.09. The business had revenue of $2.11 billion for the quarter. Roper Technologies had a return on equity of 11.36% and a net margin of 30.24%.The firm's revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.87 earnings per share. 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. Equities analysts expect that Roper Technologies, Inc. will post 22.22 EPS for the current fiscal year.
Roper Technologies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be paid a $0.91 dividend. The ex-dividend date is Friday, October 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 0.9%. Roper Technologies's dividend payout ratio (DPR) is presently 15.08%.
About Roper Technologies
(
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.
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