Ieq Capital LLC Has $6.71 Million Holdings in Roper Technologies, Inc. $ROP

Key Points

• Ieq Capital LLC significantly increased its stake in Roper Technologies by 49.4% during the first quarter, owning a total of 11,373 shares worth approximately $6.7 million.
• Roper Technologies reported a 13.2% annual revenue increase and earnings per share of $4.87 for the last quarter, exceeding analyst expectations.
• Analysts have a consensus rating of "Moderate Buy" for Roper Technologies, with a consensus price target of $636.36 per share.

Ieq Capital LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 49.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,373 shares of the industrial products company's stock after purchasing an additional 3,763 shares during the quarter. Ieq Capital LLC's holdings in Roper Technologies were worth $6,706,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings 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 purchasing an additional 142,150 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Roper Technologies by 9.2% in the first 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 buying an additional 500,764 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Roper Technologies by 0.4% in the first 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 buying an additional 20,238 shares in the last quarter. Nuveen LLC acquired a new stake in Roper Technologies in the first quarter valued at about $894,764,000. Finally, Wellington Management Group LLP boosted its stake in Roper Technologies by 92.3% in the first quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock valued at $826,030,000 after buying an additional 672,306 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Down 0.1%

Shares of ROP traded down $0.28 during mid-day trading on Friday, reaching $526.31. 872,087 shares of the company were exchanged, compared to its average volume of 632,657. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a market capitalization of $56.64 billion, a PE ratio of 36.70, a PEG ratio of 2.77 and a beta of 0.99. The business has a 50 day simple moving average of $547.80 and a two-hundred day simple moving average of $561.46.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) 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%.During the same quarter in the prior year, the business earned $4.48 earnings per share. The firm's quarterly 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. On average, analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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

Insider Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the sale, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.78% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Robert W. Baird raised their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. William Blair assumed coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating on the stock. Royal Bank Of Canada raised their price objective on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. Finally, Citigroup began coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $636.36.

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.