Northern Trust Corp Has $656.60 Million Stake in Roper Technologies, Inc. $ROP

Key Points

• Northern Trust Corp increased its stake in Roper Technologies by 0.2% during Q1, now owning approximately 1.04% of the company worth about $656.6 million.
• Roper Technologies reported $4.87 EPS, surpassing analysts' expectations and showing a 13.2% year-over-year revenue growth.
• The firm declared a quarterly dividend of $0.825 per share, representing an annualized yield of 0.6% and a payout ratio of 23.19%.

Northern Trust Corp lifted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,113,671 shares of the industrial products company's stock after purchasing an additional 2,459 shares during the period. Northern Trust Corp owned 1.04% of Roper Technologies worth $656,598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ROP. MorganRosel Wealth Management LLC acquired a new stake in shares of Roper Technologies in the 1st quarter valued at $27,000. Putney Financial Group LLC acquired a new stake in shares of Roper Technologies in the 4th quarter valued at $31,000. Olde Wealth Management LLC bought a new position in Roper Technologies in the 1st quarter worth $31,000. Wayfinding Financial LLC bought a new position in Roper Technologies in the 1st quarter worth $31,000. Finally, Alpine Bank Wealth Management bought a new position in Roper Technologies in the 1st quarter worth $34,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on ROP. Royal Bank Of Canada lifted their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Oppenheimer restated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. William Blair began coverage on shares of Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating on the stock. Finally, Robert W. Baird boosted their price objective on shares of Roper Technologies from $668.00 to $687.00 and gave the stock 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 given a Hold rating and one has given a Sell rating to the company. Based on data from 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 other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares in the company, valued at approximately $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. Insiders own 0.78% of the company's stock.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded up $9.90 on Friday, hitting $536.84. 673,520 shares of the company were exchanged, compared to its average volume of 629,636. The company's 50 day moving average price is $551.11 and its two-hundred day moving average price is $563.35. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. 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.

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 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%. The business's revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.48 EPS. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies's payout ratio is presently 23.19%.

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.