MetLife Investment Management LLC Decreases Position in Roper Technologies, Inc. $ROP

Key Points

• MetLife Investment Management LLC reduced its stake in Roper Technologies by 1.9%, bringing its total holdings to 27,844 shares valued at approximately $16.4 million.
• Several institutional investors also adjusted their positions in Roper Technologies, with notable increases from GAMMA Investing LLC (up 103,901.5%) and Wellington Management Group LLP (up 92.3%).
• Roper Technologies announced a quarterly dividend of $0.825 per share, scheduled for payment on October 17, with a current dividend yield of 0.6%.

MetLife Investment Management LLC lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,844 shares of the industrial products company's stock after selling 531 shares during the period. MetLife Investment Management LLC's holdings in Roper Technologies were worth $16,416,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC grew its stake in shares of Roper Technologies by 8.6% during the first quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after acquiring an additional 61 shares during the last quarter. Freedom Day Solutions LLC purchased a new stake in Roper Technologies in the 1st quarter worth approximately $1,808,000. Tandem Investment Advisors Inc. boosted its position in Roper Technologies by 49.9% in the 1st quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock worth $57,914,000 after purchasing an additional 32,694 shares in the last quarter. GAMMA Investing LLC boosted its position in Roper Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock worth $1,115,000 after purchasing an additional 819 shares in the last quarter. Finally, Legacy Advisors LLC purchased a new stake in Roper Technologies in the 1st quarter worth approximately $264,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Mizuho set a $600.00 price objective on Roper Technologies in a research report on Friday, May 16th. Royal Bank Of Canada upped their price objective on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Robert W. Baird lifted their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. William Blair assumed coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $636.36.

Insider Activity

In other news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated 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 transaction, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction dated 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 owned 20,510 shares of the company's stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.87% of the company's stock.

Roper Technologies Trading Down 0.1%

Shares of ROP traded down $0.28 during midday trading on Friday, reaching $526.31. The company had a trading volume of 871,954 shares, compared to its average volume of 630,987. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The stock has a market cap of $56.64 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. The firm has a 50 day simple moving average of $548.52 and a 200-day simple moving average of $561.96. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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%.The firm's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is presently 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.