Corebridge Financial Inc. Cuts Stock Position in Roper Technologies, Inc. $ROP

Key Points

• Corebridge Financial Inc. has reduced its stake in Roper Technologies, Inc. by 3.3%, now owning 33,197 shares valued at $19.57 million.
• Many large investors, including Vanguard Group Inc. and T. Rowe Price Investment Management Inc., have increased their holdings in Roper Technologies during the same period.
• Roper Technologies recently announced a quarterly dividend of $0.825 per share, which will be distributed on October 17th, reflecting a dividend yield of 0.6%.

Corebridge Financial Inc. trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,197 shares of the industrial products company's stock after selling 1,128 shares during the period. Corebridge Financial Inc.'s holdings in Roper Technologies were worth $19,572,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Roper Technologies by 1.3% in the 1st 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. Price T Rowe Associates Inc. MD lifted its holdings in Roper Technologies by 9.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company's stock valued at $3,515,984,000 after purchasing an additional 500,764 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Roper Technologies by 0.4% in the 1st 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 in the 1st quarter valued at $894,764,000. Finally, Wellington Management Group LLP lifted its holdings in Roper Technologies by 92.3% in the 1st 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. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Down 0.1%

NYSE ROP traded down $0.28 during trading hours on Friday, reaching $526.31. The company had a trading volume of 872,087 shares, compared to its average volume of 632,657. The stock has a 50-day moving average of $548.52 and a 200 day moving average of $561.96. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $56.64 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating 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%. During the same period in the previous year, the company earned $4.48 EPS. Roper Technologies's quarterly revenue 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. As a group, research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a $0.825 dividend. 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 dividend payout ratio is presently 23.19%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ROP shares. Royal Bank Of Canada increased their price target on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Truist Financial lifted their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price target on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. William Blair began coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. Finally, Robert W. Baird lifted their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. One investment 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. Based on data from MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $636.36.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the sale, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. This represents a 3.71% 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 352 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the sale, the director owned 20,510 shares in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate 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.