Bank of Nova Scotia purchased a new position in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,918 shares of the industrial products company's stock, valued at approximately $4,034,000.
Several other institutional investors and hedge funds have also made changes to their positions in ROP. Brighton Jones LLC purchased a new stake in Roper Technologies in the fourth quarter valued at $203,000. Empowered Funds LLC lifted its holdings in shares of Roper Technologies by 11.7% in the 1st quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company's stock valued at $1,832,000 after buying an additional 326 shares during the period. Cary Street Partners Financial LLC purchased a new stake in shares of Roper Technologies in the second quarter worth about $137,000. Nebula Research & Development LLC acquired a new stake in Roper Technologies during the second quarter worth about $977,000. Finally, Sei Investments Co. grew its holdings in Roper Technologies by 22.6% during the second quarter. Sei Investments Co. now owns 61,621 shares of the industrial products company's stock worth $34,928,000 after acquiring an additional 11,372 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
ROP has been the subject of several analyst reports. Argus upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and set a $450.00 target price for the company in a research note on Thursday, August 6th. BMO Capital Markets started coverage on shares of Roper Technologies in a report on Friday, July 10th. They issued a "market perform" rating and a $393.00 price objective for the company. 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 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. Finally, Weiss Ratings raised Roper Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Roper Technologies has an average rating of "Hold" and a consensus price target of $466.94.
Read Our Latest Report on Roper Technologies
Roper Technologies Stock Down 0.5%
Shares of ROP opened at $413.37 on Wednesday. The company's 50-day moving average price is $370.53 and its 200 day moving average price is $353.34. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $532.18. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 0.57. The firm has a market cap of $40.88 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 1.87 and a beta of 0.74.
Roper Technologies (NASDAQ:ROP - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $5.38 EPS for the quarter, topping analysts' consensus estimates of $5.29 by $0.09. Roper Technologies had a return on equity of 11.36% and a net margin of 30.24%.The company had revenue of $2.11 billion for the quarter. During the same quarter last year, the company earned $4.87 earnings per share. The firm'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, sell-side analysts forecast that Roper Technologies, Inc. will post 22.22 earnings per share for the current 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 issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, October 2nd. Roper Technologies's dividend payout ratio (DPR) is 15.08%.
Insider Activity
In other Roper Technologies news, EVP John K. Stipancich sold 2,000 shares of the business's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $379.05, for a total transaction of $758,100.00. Following the sale, the executive vice president directly owned 35,634 shares in the company, valued at $13,507,067.70. This represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard F. Wallman sold 6,434 shares of the stock in a transaction dated 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 sale, the director directly owned 7,423 shares in the company, valued at $2,679,703. This represents a 46.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.80% of the company's stock.
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.
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