Swedbank AB Acquires 451,549 Shares of Roper Technologies, Inc. $ROP

Key Points

• Swedbank AB increased its position in Roper Technologies by 201.6%, owning approximately $382.91 million worth of shares after acquiring additional 451,549 shares.
• Insider sales were reported, including VP John K. Stipancich selling 1,500 shares for about $846,255, reflecting a decrease in his position.
• Analysts are optimistic about Roper Technologies, with recent price target increases from various firms, resulting in a consensus rating of "Moderate Buy" and an average target price of $636.36.

Swedbank AB lifted its stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 201.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 675,513 shares of the industrial products company's stock after purchasing an additional 451,549 shares during the quarter. Swedbank AB owned 0.63% of Roper Technologies worth $382,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Saudi Central Bank purchased a new position in Roper Technologies in the 1st quarter worth about $25,000. Banque Transatlantique SA purchased a new position in Roper Technologies in the 1st quarter worth about $25,000. MorganRosel Wealth Management LLC purchased a new position in Roper Technologies in the 1st quarter worth about $27,000. Putney Financial Group LLC purchased a new position in Roper Technologies in the 4th quarter worth about $31,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Roper Technologies during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Citigroup assumed coverage on Roper Technologies in a research note on Wednesday, August 20th. They set a "buy" rating and a $626.00 price target for the company. 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 research note on Tuesday, July 22nd. Royal Bank Of Canada boosted their price objective on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. 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 note on Tuesday, July 22nd. Finally, Truist Financial boosted their price objective on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. One 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. Based on data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and an average target price of $636.36.

Roper Technologies Trading Up 1.0%

NASDAQ:ROP traded up $5.01 during midday trading on Monday, hitting $509.63. 665,240 shares of the company traded hands, compared to its average volume of 824,884. The firm's fifty day moving average is $532.26 and its 200-day moving average is $554.14. Roper Technologies, Inc. has a 12-month low of $499.00 and a 12-month high of $595.17. The firm has a market capitalization of $54.84 billion, a P/E ratio of 35.81, a P/E/G ratio of 2.37 and a beta of 1.03. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%.During the same quarter last year, the firm posted $4.48 EPS. The firm's 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. On average, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The business 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 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio is presently 23.19%.

Insider Buying and Selling at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the sale, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the sale, the director owned 20,510 shares in the company, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.87% 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.