Roper Technologies, Inc. $ROP Shares Acquired by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio increased its stake in Roper Technologies by 1.3%, owning 48,763 shares worth $27.6 million after a recent purchase.
• Analysts predict growth for Roper Technologies, with multiple brokerages raising their price targets, including Royal Bank of Canada, JPMorgan, and Truist Financial.
• Roper Technologies reported a quarterly EPS of $4.87, exceeding estimates, and announced a quarterly dividend of $0.825 per share, scheduled for payment on October 17th.

Public Employees Retirement System of Ohio boosted its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,763 shares of the industrial products company's stock after purchasing an additional 647 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Roper Technologies were worth $27,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROP. Nuveen LLC acquired a new position in Roper Technologies during the 1st quarter valued at approximately $894,764,000. GAMMA Investing LLC boosted its position in Roper Technologies by 103,901.5% during the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after purchasing an additional 1,113,824 shares during the period. Wellington Management Group LLP boosted its position 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 purchasing an additional 672,306 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Roper Technologies by 9.2% during 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 acquiring an additional 500,764 shares during the period. Finally, Swedbank AB boosted its position in Roper Technologies by 201.6% during the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company's stock worth $382,908,000 after acquiring an additional 451,549 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ROP. Royal Bank Of Canada boosted their price target on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price target 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 boosted their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Citigroup began coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a "buy" rating and a $626.00 price target for the company. Finally, Truist Financial boosted their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $636.36.

Roper Technologies Trading Up 0.3%

Shares of Roper Technologies stock opened at $505.68 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40. The firm has a market cap of $54.42 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 2.37 and a beta of 1.03. The business has a fifty day simple moving average of $530.65 and a 200-day simple moving average of $553.46. Roper Technologies, Inc. has a fifty-two week low of $499.00 and a fifty-two week high of $595.17.

Roper Technologies (NASDAQ:ROP - Get Free Report) last announced its quarterly earnings data 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 10.83% and a net margin of 20.62%.The business's revenue was up 13.2% on a year-over-year basis. During the same period last year, the business 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. On average, equities analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.7%. Roper Technologies's payout ratio is 23.19%.

Insiders Place Their Bets

In other news, VP John K. Stipancich sold 1,500 shares of the business'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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction 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 in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

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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