Canada Pension Plan Investment Board Sells 26,648 Shares of Roper Technologies, Inc. $ROP

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Roper Technologies by 79.9%, leaving it with 6,716 shares valued at approximately $3.96 million.
• Roper Technologies reported a 13.2% increase in revenue year-over-year and beat consensus earnings expectations with an EPS of $4.87.
• The company plans to pay a quarterly dividend of $0.825 on October 17, with a yield of 0.6% and a payout ratio of 23.19%.

Canada Pension Plan Investment Board lowered its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 79.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,716 shares of the industrial products company's stock after selling 26,648 shares during the quarter. Canada Pension Plan Investment Board's holdings in Roper Technologies were worth $3,960,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ROP. Vanguard Group Inc. lifted its stake in Roper Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock worth $6,318,678,000 after purchasing an additional 142,150 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Roper Technologies by 9.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company's stock valued at $3,515,984,000 after purchasing an additional 500,764 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Roper Technologies by 0.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company's stock valued at $3,049,155,000 after purchasing an additional 20,238 shares during the period. Nuveen LLC acquired a new stake in shares of Roper Technologies during the 1st quarter worth approximately $894,764,000. Finally, Wellington Management Group LLP grew its holdings in shares of Roper Technologies by 92.3% in 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 last quarter. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ROP has been the topic of several analyst reports. Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. 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. Royal Bank Of Canada increased their target price on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Citigroup assumed coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They set a "buy" rating and a $626.00 price target on the stock. One research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $636.36.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction on 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. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction 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 transaction, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by company insiders.

Roper Technologies Trading Up 0.4%

Shares of ROP traded up $2.16 during trading hours on Monday, hitting $520.60. The stock had a trading volume of 743,157 shares, compared to its average volume of 633,109. The firm has a market cap of $56.02 billion, a P/E ratio of 36.29, a P/E/G ratio of 2.77 and a beta of 1.03. The company's fifty day simple moving average is $543.45 and its 200 day simple moving average is $559.62. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same quarter in the prior year, the business earned $4.48 EPS. Roper Technologies's revenue for the quarter 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. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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 issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's payout ratio is currently 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.