Ethic Inc. Grows Stock Position in Roper Technologies, Inc. $ROP

Key Points

• Ethic Inc. increased its stake in Roper Technologies by 5.8% in Q2, now holding 13,415 shares valued at approximately $7.56 million.
• Several institutional investors, including Vanguard Group Inc. and Wellington Management Group LLP, also boosted their holdings in Roper Technologies during Q1 2023, with hedge funds owning about 93.31% of the stock.
• The stock recently saw upgrades from analysts, with Truist Financial raising its target price to $685, reflecting ongoing confidence in Roper Technologies' potential.

Ethic Inc. raised its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 5.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 13,415 shares of the industrial products company's stock after buying an additional 733 shares during the period. Ethic Inc.'s holdings in Roper Technologies were worth $7,560,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. 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 valued at $6,318,678,000 after buying an additional 142,150 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Roper Technologies by 9.2% during 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 acquiring an additional 500,764 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Roper Technologies by 0.4% during 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 acquiring an additional 20,238 shares during the period. Nuveen LLC acquired a new stake in shares of Roper Technologies during the 1st quarter valued at about $894,764,000. Finally, Wellington Management Group LLP grew its position in shares of Roper Technologies by 92.3% during 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 acquiring an additional 672,306 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of analyst reports. Truist Financial raised their target price on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Citigroup began coverage on Roper Technologies in a report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective on the stock. Robert W. Baird lifted their price objective on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Royal Bank Of Canada lifted their price objective on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Roper Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $623.82.

Roper Technologies Trading Down 1.1%

Shares of Roper Technologies stock opened at $508.95 on Thursday. The stock has a market cap of $54.77 billion, a P/E ratio of 35.77, a P/E/G ratio of 2.41 and a beta of 1.00. The stock's 50 day simple moving average is $514.52 and its 200-day simple moving average is $543.73. Roper Technologies, Inc. has a 1-year low of $492.25 and a 1-year high of $595.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43.

Roper Technologies (NASDAQ:ROP - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. The business had revenue of $1.88 billion for the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. Analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, October 3rd. Roper Technologies's payout ratio is currently 23.19%.

Roper Technologies Company 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.

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