MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stake in Roper Technologies, Inc. $ROP

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Roper Technologies, Inc. by 5.6% during the first quarter, owning approximately 0.08% of the company, valued at about $48.9 million.
• Analysts have set various price targets for Roper Technologies, with Citigroup initiating coverage with a $626.00 price target, while Royal Bank Of Canada raised their target to $703.00.
• The company recently announced a quarterly dividend of $0.825, reflecting an annualized yield of 0.6% and a payout ratio of 23.19%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,007 shares of the industrial products company's stock after purchasing an additional 4,415 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.08% of Roper Technologies worth $48,937,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Saudi Central Bank acquired a new position in shares of Roper Technologies in the first quarter worth about $25,000. Banque Transatlantique SA acquired a new position in shares of Roper Technologies during the 1st quarter worth about $25,000. MorganRosel Wealth Management LLC acquired a new position in shares of Roper Technologies during the 1st quarter worth about $27,000. Putney Financial Group LLC bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $31,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Roper Technologies during the first quarter valued at approximately $31,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Up 0.8%

ROP stock traded up $4.14 during mid-day trading on Thursday, reaching $517.37. The company had a trading volume of 223,137 shares, compared to its average volume of 637,523. 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 stock has a 50 day simple moving average of $540.46 and a two-hundred day simple moving average of $558.68. The company has a market capitalization of $55.68 billion, a price-to-earnings ratio of 36.07, a PEG ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share (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 previous year, the firm earned $4.48 earnings per share. The company'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. 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 declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued 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 dividend payout ratio is 23.19%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ROP shares. Robert W. Baird boosted their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Truist Financial increased their target price on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Citigroup began coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price on the stock. Mizuho set a $600.00 target price on shares of Roper Technologies in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" 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 given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $636.36.

Insider Buying and Selling

In other news, 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 owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction 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. Corporate insiders own 0.78% of the company's stock.

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.