Eventide Asset Management LLC Has $105.89 Million Stake in Roper Technologies, Inc. $ROP

Key Points

• Eventide Asset Management LLC has increased its stake in Roper Technologies by 5.2%, now holding 179,647 shares valued at approximately $105.9 million, making it the firm's 5th largest holding.
• Roper Technologies reported a quarterly EPS of $4.87, exceeding analysts' expectations, with an expected FY 2025 EPS of between 19.900 and 20.050.
• The company declared a quarterly dividend of $0.825 per share, indicating a 0.6% annual yield and a payout ratio of 23.19%.

Eventide Asset Management LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 179,647 shares of the industrial products company's stock after purchasing an additional 8,907 shares during the period. Roper Technologies makes up 2.1% of Eventide Asset Management LLC's investment portfolio, making the stock its 5th biggest holding. Eventide Asset Management LLC owned about 0.17% of Roper Technologies worth $105,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Clark Capital Management Group Inc. acquired a new position in shares of Roper Technologies during the first quarter valued at about $215,000. Concentric Capital Strategies LP acquired a new stake in shares of Roper Technologies in the 1st quarter worth about $1,493,000. Banque Transatlantique SA acquired a new stake in shares of Roper Technologies in the 1st quarter worth about $25,000. AQR Capital Management LLC raised its holdings in shares of Roper Technologies by 9.4% in the 1st quarter. AQR Capital Management LLC now owns 157,681 shares of the industrial products company's stock worth $92,275,000 after acquiring an additional 13,503 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Roper Technologies by 45.9% in the 1st quarter. Advisors Asset Management Inc. now owns 7,126 shares of the industrial products company's stock worth $4,201,000 after acquiring an additional 2,241 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ROP shares. Robert W. Baird upped their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Truist Financial upped their target price on shares of 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. upped their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Royal Bank Of Canada increased their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Citigroup began coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $636.36.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the transaction, the director directly owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

Roper Technologies Stock Performance

Shares of Roper Technologies stock traded up $4.99 on Monday, reaching $523.43. 1,085,944 shares of the company traded hands, compared to its average volume of 635,356. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a 50 day moving average of $543.45 and a 200 day moving average of $559.62. The firm has a market capitalization of $56.33 billion, a PE ratio of 36.50, a PEG ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share 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 quarter in the prior year, the company posted $4.48 earnings per share. The firm's revenue was up 13.2% compared to the same quarter last year. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Equities analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

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

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.