AQR Capital Management LLC boosted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 9.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,681 shares of the industrial products company's stock after acquiring an additional 13,503 shares during the quarter. AQR Capital Management LLC owned 0.15% of Roper Technologies worth $92,275,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in shares of Roper Technologies during the first quarter worth about $25,000. MorganRosel Wealth Management LLC acquired a new position in shares of Roper Technologies during the first quarter worth about $27,000. Olde Wealth Management LLC acquired a new position in shares of Roper Technologies during the first quarter worth about $31,000. Wayfinding Financial LLC acquired a new position in shares of Roper Technologies during the first quarter worth about $31,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of Roper Technologies during the first quarter worth about $34,000. Institutional investors and hedge funds own 93.31% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Truist Financial lifted their target price on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted 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. Robert W. Baird lifted their target price on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday, May 16th. Finally, 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. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $636.36.
Check Out Our Latest Stock Report on ROP
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 stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 of the company's stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.
Roper Technologies Stock Performance
Shares of NYSE:ROP traded up $4.99 during trading on Monday, hitting $523.43. 1,085,944 shares of the company traded hands, compared to its average volume of 635,356. The stock has a market capitalization of $56.33 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 2.77 and a beta of 1.03. The business's fifty day moving average is $543.45 and its 200-day moving average is $559.62. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.
Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS 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 earnings per share. Roper Technologies's quarterly revenue was up 13.2% compared to the same quarter last year. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. As a group, equities analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.
Roper Technologies Announces Dividend
The company also recently announced 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 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio is 23.19%.
About Roper Technologies
(
Free Report)
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.
Further Reading
Before you consider Roper Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Roper Technologies wasn't on the list.
While Roper Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
