Danske Bank A S purchased a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 84,681 shares of the industrial products company's stock, valued at approximately $28,655,000. Danske Bank A S owned approximately 0.09% of Roper Technologies at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Private Wealth Management Group LLC lifted its stake in 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 worth $25,000 after purchasing an additional 47 shares during the last quarter. Triumph Capital Management acquired a new position in shares of Roper Technologies during the 3rd quarter worth $25,000. Tucker Asset Management LLC bought a new stake in shares of Roper Technologies during the 4th quarter worth $33,000. Global Assets Advisory LLC acquired a new stake in Roper Technologies in the first quarter valued at about $36,000. Finally, Kelleher Financial Advisors bought a new position in Roper Technologies in the third quarter valued at about $40,000. 93.31% of the stock is owned by institutional investors.
Analysts Set New Price Targets
ROP has been the topic of a number of research analyst reports. BMO Capital Markets assumed coverage on shares of Roper Technologies in a research note on Friday, July 10th. They issued a "market perform" rating and a $393.00 price target on the stock. Weiss Ratings raised shares of Roper Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 14th. Piper Sandler lowered their price objective on Roper Technologies from $540.00 to $526.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. Mizuho set a $355.00 target price on shares of Roper Technologies in a report on Tuesday, July 21st. Finally, Argus raised Roper Technologies from a "hold" rating to a "buy" rating and set a $450.00 price objective for the company in a research report on Thursday, August 6th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $466.94.
Get Our Latest Analysis on ROP
Roper Technologies Stock Up 3.3%
Roper Technologies stock opened at $407.32 on Thursday. The firm has a market capitalization of $40.28 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74. The firm's fifty day moving average price is $364.25 and its two-hundred day moving average price is $351.94. Roper Technologies, Inc. has a 1-year low of $305.96 and a 1-year high of $544.94. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 0.57.
Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $5.38 earnings per share for the quarter, topping analysts' consensus estimates of $5.29 by $0.09. Roper Technologies had a net margin of 30.24% and a return on equity of 11.36%. The company had revenue of $2.11 billion for the quarter. During the same quarter in the prior year, the company earned $4.87 EPS. The company's revenue was up 8.5% on a year-over-year basis. 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. On average, equities research analysts predict that Roper Technologies, Inc. will post 22.22 earnings per share for the current fiscal year.
Roper Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $3.64 annualized dividend and a dividend yield of 0.9%. Roper Technologies's dividend payout ratio is 15.08%.
Insider Buying and Selling
In related news, Director Richard F. Wallman sold 6,434 shares of Roper Technologies stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $361.00, for a total transaction of $2,322,674.00. Following the transaction, the director owned 7,423 shares of the company's stock, valued at $2,679,703. The trade was a 46.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John K. Stipancich sold 2,000 shares of the company's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $379.05, for a total value of $758,100.00. Following the sale, the executive vice president owned 35,634 shares of the company's stock, valued at $13,507,067.70. This trade represents a 5.31% decrease in their position. The SEC filing for this sale provides additional information. 0.80% of the stock is owned by company insiders.
About Roper Technologies
(
Free Report)
Roper Technologies, Inc NASDAQ: ROP is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
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Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP - Free Report).
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