Akre Capital Management LLC Has $854.41 Million Stock Holdings in Roper Technologies, Inc. $ROP

Key Points

• Akre Capital Management LLC reduced its stake in Roper Technologies by 2.2%, now holding approximately 1.45 million shares valued at around $854 million, representing 8.2% of its total portfolio.
• Analysts maintain a Moderate Buy rating on Roper Technologies, with a consensus price target of $637.18, following various adjustments in price targets among notable analysts.
• Roper Technologies recently announced a quarterly dividend of $0.825 per share, reflecting a dividend yield of 0.6%, with the payment scheduled for October 17th.

Akre Capital Management LLC lowered its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,449,188 shares of the industrial products company's stock after selling 32,741 shares during the quarter. Roper Technologies comprises 8.2% of Akre Capital Management LLC's portfolio, making the stock its 7th biggest holding. Akre Capital Management LLC owned 1.35% of Roper Technologies worth $854,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. raised its stake in Roper Technologies by 42.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after purchasing an additional 1,529,716 shares during the period. Nuveen LLC bought a new stake in Roper Technologies during the 1st quarter valued at approximately $894,764,000. GAMMA Investing LLC raised its stake in Roper Technologies by 103,901.5% during the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after purchasing an additional 1,113,824 shares during the period. Pictet Asset Management Holding SA raised its stake in Roper Technologies by 23.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,083,549 shares of the industrial products company's stock valued at $638,648,000 after purchasing an additional 205,019 shares during the period. Finally, Voloridge Investment Management LLC raised its stake in Roper Technologies by 172.6% during the 4th quarter. Voloridge Investment Management LLC now owns 257,075 shares of the industrial products company's stock valued at $133,640,000 after purchasing an additional 162,765 shares during the period. Institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Up 0.1%

Shares of Roper Technologies stock traded up $0.31 on Tuesday, reaching $532.59. The company had a trading volume of 762,741 shares, compared to its average volume of 621,270. The firm has a market cap of $57.31 billion, a price-to-earnings ratio of 37.14, a P/E/G ratio of 2.77 and a beta of 0.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm's 50-day moving average price is $553.87 and its two-hundred day moving average price is $564.37. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.During the same quarter in the previous year, the company posted $4.48 earnings per share. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. As a group, research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies's payout ratio is presently 23.19%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ROP. Truist Financial lifted their target price on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Barclays restated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, Oppenheimer restated an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average price target of $637.40.

Insiders Place Their Bets

In related news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the transaction, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

About Roper Technologies

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.