Roper Technologies, Inc. $ROP Holdings Raised by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Roper Technologies, Inc. by 128.4%, acquiring a total of 126,915 shares after adding 71,345 shares in the first quarter, worth approximately $74.8 million.
• Roper Technologies reported a 13.2% year-over-year revenue increase with earnings per share (EPS) for the last quarter at $4.87, exceeding analyst expectations.
• The company has declared a quarterly dividend of $0.825, resulting in an annualized payout of $3.30 and a yield of 0.6%, with the ex-dividend date set for October 3rd.

Voya Investment Management LLC boosted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 128.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 126,915 shares of the industrial products company's stock after buying an additional 71,345 shares during the quarter. Voya Investment Management LLC owned approximately 0.12% of Roper Technologies worth $74,827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position 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 buying an additional 142,150 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in 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 worth $3,515,984,000 after buying an additional 500,764 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position 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 buying an additional 20,238 shares in the last quarter. Nuveen LLC purchased a new stake in Roper Technologies in the 1st quarter worth approximately $894,764,000. Finally, Wellington Management Group LLP lifted its position 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 buying an additional 672,306 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

NYSE:ROP opened at $512.53 on Friday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm's fifty day simple moving average is $538.14 and its 200 day simple moving average is $557.75. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $55.16 billion, a PE ratio of 35.74, a PEG ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, beating 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%. During the same period last year, the firm posted $4.48 EPS. The firm's revenue for the quarter 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. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

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. This represents a $3.30 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is currently 23.19%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction 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 sale, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction 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 sale, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ROP. Citigroup initiated coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 target price for the company. Truist Financial raised their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Robert W. Baird raised their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada raised their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. One research 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $636.36.

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.

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