Nordea Investment Management AB Decreases Position in Roper Technologies, Inc. $ROP

Key Points

• Nordea Investment Management AB has decreased its stake in Roper Technologies by 32.6% in the second quarter, selling 142,639 shares to hold 294,853 shares worth approximately $165.94 million.
• Other institutional investors are actively buying Roper Technologies, with new positions being established, indicating strong interest from hedge funds, which collectively own 93.31% of the stock.
• Roper Technologies' stock has faced varied evaluations from analysts, with price targets ranging from $510.00 to $685.00, reflecting different outlooks on its performance and market potential.

Nordea Investment Management AB lowered its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 32.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 294,853 shares of the industrial products company's stock after selling 142,639 shares during the period. Nordea Investment Management AB owned 0.27% of Roper Technologies worth $165,940,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Saudi Central Bank purchased a new position in Roper Technologies in the 1st quarter valued at approximately $25,000. MorganRosel Wealth Management LLC purchased a new position in Roper Technologies in the 1st quarter valued at approximately $27,000. Banque Transatlantique SA purchased a new position in shares of Roper Technologies during the 1st quarter valued at $25,000. Olde Wealth Management LLC purchased a new position in shares of Roper Technologies during the 1st quarter valued at $31,000. Finally, Wayfinding Financial LLC purchased a new position in shares of Roper Technologies during the 1st quarter valued at $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the transaction, the vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares in the company, 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. 0.78% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ROP. Citigroup began coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They set a "buy" rating and a $626.00 price target for the company. Mizuho reduced their price target on shares of Roper Technologies from $600.00 to $510.00 and set a "neutral" rating for the company in a research report on Friday. JPMorgan Chase & Co. restated an "underweight" rating and set a $541.00 price target (down from $577.00) on shares of Roper Technologies in a research report on Wednesday. Barclays dropped their price objective on shares of Roper Technologies from $562.00 to $550.00 and set an "underweight" rating for the company in a report on Wednesday, October 1st. Finally, Truist Financial lifted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and an average price target of $623.82.

Roper Technologies Stock Performance

Roper Technologies stock opened at $504.52 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $54.29 billion, a PE ratio of 35.45, a P/E/G ratio of 2.34 and a beta of 1.00. The firm has a fifty day simple moving average of $515.32 and a two-hundred day simple moving average of $544.99. Roper Technologies, Inc. has a twelve month low of $492.25 and a twelve month high of $595.17.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its quarterly 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 during the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. Research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.7%. Roper Technologies's 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.

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