T. Rowe Price Investment Management Inc. Buys 20,238 Shares of Roper Technologies, Inc. $ROP

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Roper Technologies by 0.4%, acquiring an additional 20,238 shares, bringing its total ownership to about 5.17 million shares, valued at over $3 billion.
• Roper Technologies reported $4.87 earnings per share for the last quarter, slightly exceeding analysts' expectations, and set its FY 2025 EPS guidance between 19.900 and 20.050.
• The company announced a quarterly dividend of $0.825 per share, yielding 0.6%, with the payout scheduled for October 17th to shareholders recorded by October 3rd.

T. Rowe Price Investment Management Inc. raised its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,171,740 shares of the industrial products company's stock after acquiring an additional 20,238 shares during the quarter. Roper Technologies makes up about 2.0% of T. Rowe Price Investment Management Inc.'s holdings, making the stock its 4th biggest holding. T. Rowe Price Investment Management Inc. owned about 4.81% of Roper Technologies worth $3,049,155,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ROP. Nuveen LLC purchased a new position in Roper Technologies in the first quarter worth approximately $894,764,000. GAMMA Investing LLC boosted its holdings in shares of Roper Technologies by 103,901.5% in the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after buying an additional 1,113,824 shares in the last quarter. Wellington Management Group LLP boosted 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 valued at $826,030,000 after buying an additional 672,306 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Roper Technologies by 23.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,083,549 shares of the industrial products company's stock valued at $638,648,000 after buying an additional 205,019 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in shares of Roper Technologies by 172.6% in the 4th quarter. Voloridge Investment Management LLC now owns 257,075 shares of the industrial products company's stock valued at $133,640,000 after buying an additional 162,765 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Roper Technologies stock traded up $9.90 during trading hours on Friday, reaching $536.84. 673,520 shares of the stock were exchanged, compared to its average volume of 629,636. The stock has a market cap of $57.77 billion, a P/E ratio of 37.44, a P/E/G ratio of 2.77 and a beta of 0.99. 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 52-week low of $499.47 and a 52-week high of $595.17. The firm's 50 day moving average is $551.11 and its 200 day moving average is $563.35.

Roper Technologies (NYSE:ROP - Get Free Report) last announced 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 net margin of 22.01% and a return on equity of 10.79%. The business's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. Analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

Insiders Place Their Bets

In other news, VP John K. Stipancich sold 1,500 shares of the company'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 transaction, the vice president directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. This represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the company'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 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 disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ROP. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Truist Financial lifted their target price on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday, May 16th. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Citigroup initiated coverage on shares of Roper Technologies in a research report on Wednesday. They issued a "buy" rating and a $626.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $636.36.

About Roper Technologies

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.