Candriam S.C.A. Lowers Stake in Roper Technologies, Inc. $ROP

Key Points

• Candriam S.C.A. reduced its stake in Roper Technologies, Inc. by 17.5% in the first quarter, resulting in holdings worth approximately $14.67 million.
• The company reported a 12-month revenue increase of 13.2% with earnings per share of $4.87 for the most recent quarter, surpassing analyst expectations.
• Roper Technologies is paying a quarterly dividend of $0.825 on October 17th, which equates to an annual yield of 0.6%.

Candriam S.C.A. lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 17.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,877 shares of the industrial products company's stock after selling 5,285 shares during the quarter. Candriam S.C.A.'s holdings in Roper Technologies were worth $14,667,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock valued at $6,318,678,000 after purchasing an additional 142,150 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Roper Technologies by 0.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company's stock valued at $3,049,155,000 after purchasing an additional 20,238 shares in the last quarter. Nuveen LLC purchased a new position in Roper Technologies during the first quarter valued at approximately $894,764,000. Wellington Management Group LLP lifted its holdings in Roper Technologies by 92.3% during the first quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock valued at $826,030,000 after purchasing an additional 672,306 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Roper Technologies by 1.7% during the fourth quarter. Mackenzie Financial Corp now owns 1,165,053 shares of the industrial products company's stock valued at $605,653,000 after purchasing an additional 19,377 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

ROP traded up $9.90 during trading hours on Friday, hitting $536.84. The company's stock had a trading volume of 673,520 shares, compared to its average volume of 629,636. The business's 50-day moving average price is $551.11 and its 200-day moving average price is $563.23. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The stock has a market cap of $57.77 billion, a price-to-earnings ratio of 37.44, a P/E/G ratio of 2.77 and a beta of 0.99. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

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

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given 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 23.19%.

Insiders Place Their Bets

In other Roper Technologies news, 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 transaction of $195,800.00. Following the transaction, the director owned 20,510 shares in the company, valued at $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ROP. Mizuho set a $600.00 target price on shares of Roper Technologies in a report on Friday, May 16th. Robert W. Baird boosted their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Oppenheimer reissued an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Truist Financial boosted their target price 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $636.36.

Roper Technologies 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.