Roper Technologies, Inc. $ROP Shares Purchased by Credit Agricole S A

Key Points

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Credit Agricole S A lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 13.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,194 shares of the industrial products company's stock after buying an additional 8,263 shares during the quarter. Credit Agricole S A owned approximately 0.07% of Roper Technologies worth $41,385,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock worth $6,318,678,000 after buying an additional 142,150 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Roper Technologies by 42.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after purchasing an additional 1,529,716 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Roper Technologies during the first quarter worth approximately $894,764,000. Wellington Management Group LLP increased its position in shares of 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 worth $826,030,000 after purchasing an additional 672,306 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of 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 worth $605,653,000 after purchasing an additional 19,377 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Up 1.9%

Shares of NYSE ROP traded up $9.90 during mid-day trading on Friday, reaching $536.84. 673,520 shares of the company's stock were exchanged, compared to its average volume of 629,636. The firm has a market capitalization of $57.77 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.77 and a beta of 0.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company's 50-day moving average is $551.59 and its 200-day moving average is $563.64.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly 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 return on equity of 10.79% and a net margin of 22.01%.The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.6%. Roper Technologies's dividend payout ratio is presently 23.19%.

Wall Street Analyst Weigh In

ROP has been the subject of several research reports. Oppenheimer reiterated an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Truist Financial boosted their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Stifel Nicolaus dropped their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Robert W. Baird upped their target price on Roper Technologies from $668.00 to $687.00 and gave the company 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $636.36.

Insider Activity

In related news, Director Richard F. Wallman sold 352 shares of the 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 transaction, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of 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 position. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

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.