Wellington Management Group LLP Increases Stake in Roper Technologies, Inc. $ROP

Key Points

• Wellington Management Group LLP increased its stake in Roper Technologies by 92.3%, owning over 1.4 million shares worth approximately $826 million as of the latest filing.
• Roper Technologies has recently reported a quarterly earnings of $4.87 EPS, surpassing the consensus estimate, with a revenue increase of 13.2% year-over-year.
• The company announced a quarterly dividend of $0.825, reflecting an annualized total of $3.30 and a dividend yield of 0.6%.

Wellington Management Group LLP raised its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 92.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,401,048 shares of the industrial products company's stock after purchasing an additional 672,306 shares during the period. Wellington Management Group LLP owned 1.30% of Roper Technologies worth $826,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in Roper Technologies in the first quarter valued at about $27,000. Putney Financial Group LLC purchased a new position in Roper Technologies in the fourth quarter valued at about $31,000. Olde Wealth Management LLC purchased a new position in Roper Technologies in the first quarter valued at about $31,000. Wayfinding Financial LLC purchased a new position in Roper Technologies in the first quarter valued at about $31,000. Finally, Alpine Bank Wealth Management purchased a new position in Roper Technologies in the first quarter valued at about $34,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of Roper Technologies stock traded up $9.90 on Friday, reaching $536.84. 673,520 shares of the stock were exchanged, compared to its average volume of 629,636. 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, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The firm has a market capitalization of $57.77 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.77 and a beta of 0.99. The business has a 50 day moving average price of $551.11 and a two-hundred day moving average price of $563.35.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS 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%.During the same quarter in the prior year, the business earned $4.48 earnings per share. Roper Technologies's quarterly revenue 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. Analysts anticipate 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. Investors of record on Friday, October 3rd will be issued 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 0.6%. Roper Technologies's payout ratio is 23.19%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Raymond James Financial reiterated a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. William Blair started coverage on Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. Oppenheimer reissued an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank Of Canada raised their price target on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Finally, Robert W. Baird raised their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. One 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $636.36.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the sale, the director owned 20,510 shares of the company's stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value 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. This trade represents 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.

About Roper Technologies

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.