The Manufacturers Life Insurance Company Buys 2,588 Shares of Roper Technologies, Inc. $ROP

Key Points

• The Manufacturers Life Insurance Company increased its holdings in Roper Technologies by 0.7%, acquiring an additional 2,588 shares, bringing its total ownership to approximately $208.8 million.
• Roper Technologies recently reported quarterly earnings of $4.87 per share, surpassing analyst estimates, with a quarterly revenue increase of 13.2% compared to the previous year.
• The company declared a quarterly dividend of $0.825 per share, representing an annualized dividend yield of 0.6% and a payout ratio of 23.19%.

The Manufacturers Life Insurance Company boosted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 354,154 shares of the industrial products company's stock after buying an additional 2,588 shares during the period. The Manufacturers Life Insurance Company owned 0.33% of Roper Technologies worth $208,800,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new stake in Roper Technologies in the first quarter worth $27,000. Olde Wealth Management LLC acquired a new stake in Roper Technologies in the first quarter worth $31,000. Wayfinding Financial LLC acquired a new stake in Roper Technologies in the first quarter worth $31,000. Alpine Bank Wealth Management acquired a new stake in Roper Technologies in the first quarter worth $34,000. Finally, Putney Financial Group LLC acquired a new stake in Roper Technologies in the fourth quarter worth $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Up 0.3%

NYSE ROP traded up $1.50 during trading on Thursday, reaching $525.63. 113,545 shares of the company's stock were exchanged, compared to its average volume of 630,287. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market capitalization of $56.57 billion, a PE ratio of 36.65, a P/E/G ratio of 2.77 and a beta of 1.03. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company's fifty day simple moving average is $545.11 and its 200-day simple moving average is $560.59.

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 return on equity of 10.79% and a net margin of 22.01%.During the same quarter last year, the firm posted $4.48 earnings per share. Roper Technologies's quarterly 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. Sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The firm 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 (DPR) is presently 23.19%.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction dated 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 directly owned 20,510 shares of the company's stock, valued at $11,408,687.50. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the firm'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 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. Company insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ROP. Citigroup began coverage on Roper Technologies in a report on Wednesday, August 20th. They set a "buy" rating and a $626.00 price target on the stock. Truist Financial raised their price target 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 raised their price target on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Robert W. Baird raised their price target 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 target on Roper Technologies in a report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.