Price T Rowe Associates Inc. MD Has $3.52 Billion Holdings in Roper Technologies, Inc. $ROP

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Roper Technologies by 9.2%, owning 5.55% of the company, which equates to approximately $3.52 billion in value.
• Roper Technologies reported earnings per share of $4.87 for the last quarter, exceeding analysts' expectations of $4.83, with quarterly revenue rising by 13.2% year-over-year.
• The company recently announced a quarterly dividend of $0.825 per share, translating to an annual yield of approximately 0.6%, with a payout ratio of 23.19%.

Price T Rowe Associates Inc. MD increased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 9.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,963,540 shares of the industrial products company's stock after purchasing an additional 500,764 shares during the period. Price T Rowe Associates Inc. MD owned about 5.55% of Roper Technologies worth $3,515,984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Roper Technologies by 1.3% in 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 during the period. T. Rowe Price Investment Management Inc. boosted its stake in 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 worth $3,049,155,000 after purchasing an additional 20,238 shares during the period. Nuveen LLC acquired a new position in Roper Technologies in the 1st quarter worth approximately $894,764,000. Wellington Management Group LLP boosted its stake in Roper Technologies by 92.3% in the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock worth $826,030,000 after purchasing an additional 672,306 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Roper Technologies by 1.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,165,053 shares of the industrial products company's stock worth $605,653,000 after purchasing an additional 19,377 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. 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. Royal Bank Of Canada lifted their target price on shares of 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 target price on shares of Roper Technologies in a research note on Friday, May 16th. Barclays restated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Finally, Oppenheimer restated an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $636.36.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction that occurred on 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 sale, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, the vice president directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.78% of the company's stock.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded up $9.90 during trading on Friday, hitting $536.84. 673,520 shares of the company's stock traded hands, compared to its average volume of 629,636. The company has a market cap of $57.77 billion, a PE ratio of 37.44, a PEG ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. 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 fifty day moving average price is $551.11 and its 200 day moving average price is $563.23.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its 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 net margin of 22.01% and a return on equity of 10.79%. The business's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

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

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.