Corient Private Wealth LP Cuts Holdings in Roper Technologies, Inc. $ROP

Corient Private Wealth LP reduced its position in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 52.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 236,461 shares of the industrial products company's stock after selling 259,634 shares during the quarter. Corient Private Wealth LP owned about 0.24% of Roper Technologies worth $80,016,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Private Wealth Management Group LLC boosted its stake in shares of Roper Technologies by 195.8% during the first quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 47 shares during the period. Triumph Capital Management purchased a new stake in shares of Roper Technologies in the third quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. bought a new position in Roper Technologies in the second quarter worth approximately $27,000. Tucker Asset Management LLC bought a new stake in shares of Roper Technologies in the fourth quarter valued at about $33,000. Finally, Global Assets Advisory LLC purchased a new stake in Roper Technologies in the first quarter worth about $36,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 6,434 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 7,423 shares of the company's stock, valued at approximately $2,679,703. This trade represents a 46.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP John K. Stipancich sold 2,000 shares of the business's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $379.05, for a total transaction of $758,100.00. Following the transaction, the executive vice president owned 35,634 shares in the company, valued at $13,507,067.70. The trade was a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.80% of the company's stock.

Roper Technologies Price Performance

NASDAQ:ROP opened at $388.52 on Friday. Roper Technologies, Inc. has a 52 week low of $305.96 and a 52 week high of $521.28. The stock has a market capitalization of $38.42 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.94 and a beta of 0.75. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 0.57. The stock's 50-day moving average price is $388.87 and its 200-day moving average price is $359.96.

Roper Technologies (NASDAQ:ROP - Get Free Report) last announced its earnings results on Thursday, July 23rd. The industrial products company reported $5.38 EPS for the quarter, beating analysts' consensus estimates of $5.29 by $0.09. The business had revenue of $2.11 billion during the quarter. Roper Technologies had a return on equity of 11.36% and a net margin of 30.24%.Roper Technologies's revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.87 EPS. 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. As a group, equities analysts expect that Roper Technologies, Inc. will post 22.22 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed 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 yield of 0.9%. The ex-dividend date of this dividend is Friday, October 2nd. Roper Technologies's dividend payout ratio is currently 15.08%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ROP. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $417.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 18th. 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. Weiss Ratings upgraded shares of Roper Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 14th. Mizuho set a $355.00 target price on Roper Technologies in a research report on Tuesday, July 21st. Finally, Raymond James Financial lowered shares of Roper Technologies from a "strong-buy" rating to a "market perform" rating in a research report on Wednesday, July 22nd. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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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