Caisse DE Depot ET Placement DU Quebec Increases Holdings in Roper Technologies, Inc. $ROP

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Roper Technologies by 2.7%, acquiring an additional 10,104 shares, bringing its total holdings to 380,620 shares valued at approximately $224.4 million.
• Research firms have boosted their target prices for Roper Technologies, with Royal Bank of Canada increasing its target from $695 to $703, while the overall consensus price target is set at $636.36.
• Roper Technologies announced a quarterly dividend of $0.825 per share to shareholders, with the ex-dividend date set for October 3rd.

Caisse DE Depot ET Placement DU Quebec boosted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 380,620 shares of the industrial products company's stock after acquiring an additional 10,104 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.35% of Roper Technologies worth $224,406,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ROP. Synovus Financial Corp increased its holdings in Roper Technologies by 3.8% during the 1st quarter. Synovus Financial Corp now owns 3,691 shares of the industrial products company's stock worth $2,176,000 after purchasing an additional 134 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in Roper Technologies during the 1st quarter worth approximately $1,595,000. Cadence Bank lifted its stake in Roper Technologies by 0.5% during the 1st quarter. Cadence Bank now owns 4,464 shares of the industrial products company's stock valued at $2,632,000 after acquiring an additional 22 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Roper Technologies by 9.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 999 shares of the industrial products company's stock valued at $582,000 after acquiring an additional 88 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Roper Technologies by 1.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 12,842 shares of the industrial products company's stock valued at $7,572,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Performance

ROP traded down $2.07 during trading hours on Thursday, hitting $526.59. The stock had a trading volume of 794,019 shares, compared to its average volume of 631,188. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company's fifty day simple moving average is $549.10 and its 200 day simple moving average is $562.29. The stock has a market cap of $56.67 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend 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%.

Insider Buying and Selling at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies 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 sale, the director directly owned 20,510 shares of the company's stock, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company's stock.

Analyst Ratings Changes

ROP has been the topic of several analyst reports. Truist Financial boosted their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Royal Bank Of Canada boosted their target price on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Robert W. Baird increased their price target on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. William Blair assumed coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating on the stock. Finally, Citigroup started coverage on Roper Technologies in a research note on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $636.36.

Roper Technologies Company Profile

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.