Roper Technologies, Inc. $ROP Stock Holdings Increased by Korea Investment CORP

Key Points

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Korea Investment CORP grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 12.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,580 shares of the industrial products company's stock after buying an additional 8,135 shares during the period. Korea Investment CORP owned 0.07% of Roper Technologies worth $43,381,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ROP. Brighton Jones LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth $203,000. CreativeOne Wealth LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth $235,000. Zacks Investment Management acquired a new stake in shares of Roper Technologies during the fourth quarter worth $283,000. Canada Pension Plan Investment Board boosted its holdings in shares of Roper Technologies by 111.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 33,364 shares of the industrial products company's stock worth $17,344,000 after purchasing an additional 17,558 shares during the last quarter. Finally, Forum Financial Management LP boosted its holdings in shares of Roper Technologies by 3.8% during the fourth quarter. Forum Financial Management LP now owns 847 shares of the industrial products company's stock worth $440,000 after purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Up 1.9%

Shares of ROP traded up $9.90 during midday trading on Friday, reaching $536.84. 673,520 shares of the company were exchanged, compared to its average volume of 629,636. The stock has a 50-day moving average price of $551.11 and a 200-day moving average price of $563.35. The company has a market cap of $57.77 billion, a price-to-earnings ratio of 37.44, a P/E/G ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data 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%.The business's revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm 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 Announces Dividend

The firm also recently declared 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 is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies's payout ratio is 23.19%.

Insider Activity

In related news, VP John K. Stipancich sold 1,500 shares of the business's 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 transaction, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction dated 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 owned 20,510 shares in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.78% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ROP. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Truist Financial boosted their price target on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Stifel Nicolaus lowered their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Royal Bank Of Canada boosted their price target on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $636.36.

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.