Roper Technologies, Inc. $ROP Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Roper Technologies, Inc. by 8.9%, now holding approximately 0.12% of shares valued at $72.61 million.
• Roper Technologies reported a 13.2% increase in quarterly revenue year-over-year, with earnings per share (EPS) of $4.87, surpassing analysts' expectations.
• The company set its fiscal year 2025 EPS guidance at $19.90-20.05, and the stock has an average target price of $636.36 as determined by analysts.

APG Asset Management N.V. lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 8.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 133,035 shares of the industrial products company's stock after selling 13,066 shares during the quarter. APG Asset Management N.V. owned about 0.12% of Roper Technologies worth $72,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. Nuveen LLC acquired a new stake in Roper Technologies during the 1st quarter worth about $894,764,000. GAMMA Investing LLC lifted 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 worth $657,320,000 after acquiring an additional 1,113,824 shares during the period. Wellington Management Group LLP lifted 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 worth $826,030,000 after acquiring an additional 672,306 shares during the period. Price T Rowe Associates Inc. MD lifted 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, Pictet Asset Management Holding SA lifted its position in Roper Technologies by 23.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,083,549 shares of the industrial products company's stock worth $638,648,000 after acquiring an additional 205,019 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Activity

In related news, Director Richard F. Wallman sold 352 shares of Roper Technologies 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 completion of the transaction, the director directly 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 transaction was disclosed in a document filed with the SEC, which is accessible 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 ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded down $2.50 during mid-day trading on Thursday, reaching $526.17. 259,754 shares of the stock traded hands, compared to its average volume of 627,727. The business has a 50-day moving average of $549.10 and a 200 day moving average of $562.29. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock has a market capitalization of $56.62 billion, a PE ratio of 36.69, a PEG ratio of 2.77 and a beta of 0.99. 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 announced its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating 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%.The firm's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company 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, analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ROP shares. Truist Financial boosted their price objective on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Citigroup started coverage on Roper Technologies in a report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective for the company. 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 report on Tuesday, July 22nd. Finally, Mizuho set a $600.00 price objective on Roper Technologies in a report on Friday, May 16th. 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $636.36.

Roper Technologies 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.