Bank of America Corp DE Invests $165.93 Million in Roper Technologies, Inc. $ROP

Bank of America Corp DE acquired a new stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 490,347 shares of the industrial products company's stock, valued at approximately $165,929,000. Bank of America Corp DE owned about 0.50% of Roper Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Roper Technologies in the 2nd quarter valued at about $3,346,912,000. Geode Capital Management LLC grew its holdings in Roper Technologies by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,641,573 shares of the industrial products company's stock worth $1,172,099,000 after purchasing an additional 22,335 shares during the period. Norges Bank acquired a new position in Roper Technologies during the fourth quarter worth approximately $1,112,873,000. Arrowstreet Capital Limited Partnership raised its stake in Roper Technologies by 206.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company's stock valued at $474,070,000 after buying an additional 903,223 shares during the period. Finally, Flossbach Von Storch SE bought a new stake in Roper Technologies in the second quarter valued at approximately $448,321,000. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Down 0.3%

ROP opened at $374.76 on Friday. The stock has a fifty day moving average of $390.68 and a 200-day moving average of $361.15. The company has a market capitalization of $37.06 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.88 and a beta of 0.75. Roper Technologies, Inc. has a fifty-two week low of $305.96 and a fifty-two week high of $521.28. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.51 and a current ratio of 0.55.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $5.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.29 by $0.09. Roper Technologies had a net margin of 30.24% and a return on equity of 11.36%. The firm had revenue of $2.11 billion during the quarter. During the same period in the prior year, the firm earned $4.87 EPS. The business's revenue for the quarter 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 analysts expect that Roper Technologies, Inc. will post 22.22 EPS 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 paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, October 2nd. Roper Technologies's payout ratio is 15.08%.

Insider Buying and Selling

In other Roper Technologies news, EVP John Stipancich sold 2,000 shares of Roper Technologies 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 completion of the transaction, the executive vice president directly owned 35,634 shares of the company's stock, valued at $13,507,067.70. The trade was a 5.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Wallman sold 6,434 shares of the company's 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 sale, the director owned 7,423 shares of the company's stock, valued at approximately $2,679,703. The trade was a 46.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Roper Technologies from $397.00 to $415.00 and gave the company an "underweight" rating in a research note on Wednesday, July 29th. 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. Mizuho set a $355.00 price objective on shares of Roper Technologies in a report on Tuesday, July 21st. Piper Sandler dropped their price objective on shares of Roper Technologies from $540.00 to $526.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Finally, BMO Capital Markets began coverage on shares of Roper Technologies in a research note on Friday, July 10th. They set a "market perform" rating and a $393.00 target price for the company. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Roper Technologies presently has an average rating of "Hold" and an average price target of $466.94.

Roper Technologies Profile

Roper Technologies, Inc NASDAQ: ROP is a diversified technology company that develops and operates specialized businesses serving niche markets. Its portfolio primarily consists of software and technology-enabled businesses that provide products and services to commercial, government, healthcare, education, and other professional customers.

The company's activities include vertical-market software, network and data-management software, and technology-enabled products. Its software businesses support functions such as healthcare operations, education administration, construction and engineering, legal and professional services, and enterprise workflow management.

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