SFE Investment Counsel purchased a new stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,748 shares of the industrial products company's stock, valued at approximately $1,945,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Summit Global Investments purchased a new position in shares of Roper Technologies in the 2nd quarter valued at $1,023,000. Oppenheimer Asset Management Inc. purchased a new stake in Roper Technologies in the second quarter valued at $536,000. Tema ETFs LLC boosted its stake in Roper Technologies by 34.3% in the second quarter. Tema ETFs LLC now owns 2,148 shares of the industrial products company's stock valued at $727,000 after acquiring an additional 549 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Roper Technologies by 12.0% during the second quarter. Handelsbanken Fonder AB now owns 38,759 shares of the industrial products company's stock worth $13,116,000 after purchasing an additional 4,160 shares during the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of Roper Technologies by 23.5% during the second quarter. Fulton Bank N.A. now owns 8,623 shares of the industrial products company's stock worth $2,918,000 after purchasing an additional 1,642 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Piper Sandler reduced their target price on Roper Technologies from $540.00 to $526.00 and set an "overweight" rating for the company in a report on Friday, July 24th. Argus raised Roper Technologies from a "hold" rating to a "buy" rating and set a $450.00 price target on the stock in a research report on Thursday, August 6th. Robert W. Baird set a $480.00 price objective on Roper Technologies in a research note on Friday, July 24th. BMO Capital Markets started coverage on Roper Technologies in a report on Friday, July 10th. They issued a "market perform" rating and a $393.00 price objective for the company. Finally, Mizuho set a $355.00 target price on shares of Roper Technologies in a research report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $466.94.
Check Out Our Latest Research Report on ROP
Insider Buying and Selling at Roper Technologies
In other Roper Technologies news, EVP John K. Stipancich sold 2,000 shares of the company's stock in a transaction on Monday, July 27th. The shares were sold at an average price of $379.05, for a total transaction of $758,100.00. Following the completion of the transaction, the executive vice president owned 35,634 shares in the company, valued at approximately $13,507,067.70. This represents a 5.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 6,434 shares of the firm's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $361.00, for a total transaction of $2,322,674.00. Following the completion of the sale, the director owned 7,423 shares of the company's stock, valued at $2,679,703. This trade represents a 46.43% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by company insiders.
Roper Technologies Stock Performance
NASDAQ ROP opened at $399.34 on Friday. The firm has a market cap of $39.49 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.80 and a beta of 0.74. Roper Technologies, Inc. has a 52-week low of $305.96 and a 52-week high of $544.94. The business's 50-day moving average price is $360.49 and its 200 day moving average price is $351.66. 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 (NASDAQ:ROP - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $5.38 EPS for the quarter, beating the consensus estimate of $5.29 by $0.09. Roper Technologies had a return on equity of 11.36% and a net margin of 30.24%.The firm had revenue of $2.11 billion during the quarter. During the same period in the prior year, the company earned $4.87 earnings per share. The firm's 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 expect that Roper Technologies, Inc. will post 22.22 earnings per share for the current year.
Roper Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $3.64 annualized dividend and a dividend yield of 0.9%. Roper Technologies's dividend payout ratio (DPR) is currently 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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