OMERS ADMINISTRATION Corp Boosts Stake in Roper Technologies, Inc. $ROP

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Roper Technologies, Inc. by 54.6%, acquiring an additional 8,814 shares for a total of 24,960 shares, valued at $14.72 million.
• Roper Technologies reported a quarterly EPS of $4.87, exceeding analysts' expectations, with a 13.2% increase in year-over-year revenue.
• The company declared a quarterly dividend of $0.825, resulting in an annualized yield of 0.6%, with a payout ratio of 23.19%.

OMERS ADMINISTRATION Corp increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 54.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,960 shares of the industrial products company's stock after purchasing an additional 8,814 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Roper Technologies were worth $14,716,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 352 shares of the company'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 owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the company'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 value of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

Roper Technologies Stock Performance

NYSE ROP traded down $0.28 on Monday, hitting $526.31. 872,087 shares of the company's stock were exchanged, compared to its average volume of 632,657. The firm has a market cap of $56.64 billion, a price-to-earnings ratio of 36.70, a P/E/G ratio of 2.77 and a beta of 0.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm's 50-day moving average price is $547.80 and its two-hundred day moving average price is $561.46. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

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, 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 company's revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.48 EPS. 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, research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have commented on ROP. Royal Bank Of Canada upped 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. Truist Financial upped their price objective on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" 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 set an "outperform" rating for the company. Citigroup assumed coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research 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 issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $636.36.

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.