Norinchukin Bank The Increases Position in Roper Technologies, Inc. $ROP

Key Points

• Norinchukin Bank The increased its stake in Roper Technologies, Inc. (ROP) by 44.3% during the first quarter, holding a total of 8,218 shares valued at approximately $4.85 million.
• The company reported earnings of $4.87 per share for the last quarter, surpassing analyst expectations, with a year-over-year revenue increase of 13.2%.
• Roper Technologies announced a quarterly dividend of $0.825 per share, with the dividend yield currently at 0.6%.

Norinchukin Bank The boosted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 44.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,218 shares of the industrial products company's stock after buying an additional 2,522 shares during the quarter. Norinchukin Bank The's holdings in Roper Technologies were worth $4,845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Endowment Wealth Management Inc. raised its position in Roper Technologies by 3.4% in the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock valued at $327,000 after buying an additional 18 shares during the last quarter. Meridian Financial Partners LLC raised its position in Roper Technologies by 0.9% in the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock valued at $1,221,000 after buying an additional 19 shares during the last quarter. My Legacy Advisors LLC increased its position in shares of Roper Technologies by 1.5% during the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after purchasing an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV increased its position in shares of Roper Technologies by 2.7% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after purchasing an additional 20 shares during the last quarter. Finally, Tritonpoint Wealth LLC increased its position in shares of Roper Technologies by 2.7% during the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock valued at $448,000 after purchasing an additional 20 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ROP. Royal Bank Of Canada raised their target price on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Citigroup initiated coverage on Roper Technologies in a report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective for the company. Mizuho set a $600.00 price objective on Roper Technologies in a report on Friday, May 16th. Stifel Nicolaus decreased their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $636.36.

Insider Transactions at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the 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 represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard F. Wallman sold 352 shares of the firm's 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 sale, the director directly owned 20,510 shares of the company's stock, valued at $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company's stock.

Roper Technologies Trading Up 0.5%

Roper Technologies stock traded up $2.80 during trading hours on Wednesday, reaching $527.25. The company had a trading volume of 142,931 shares, compared to its average volume of 627,006. 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, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The firm has a market cap of $56.74 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of 2.77 and a beta of 0.99. The company has a 50-day moving average price of $549.64 and a 200 day moving average price of $562.53.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, beating the consensus estimate 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 last year, the firm earned $4.48 EPS. The firm's quarterly revenue was up 13.2% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a $0.825 dividend. The ex-dividend date is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies's dividend payout ratio is presently 23.19%.

About Roper Technologies

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.