UniSuper Management Pty Ltd Purchases 778 Shares of Roper Technologies, Inc. $ROP

Key Points

• UniSuper Management Pty Ltd increased its stake in Roper Technologies by 3.6%, acquiring 778 additional shares to hold a total of 22,215 shares worth approximately $13.1 million.
• Major institutional investors, including Vanguard Group Inc. and Wellington Management Group LLP, also made significant moves in Roper Technologies, resulting in institutional investors now owning 93.31% of the company's stock.
• Roper Technologies reported a 13.2% revenue increase year-over-year in its latest earnings report, achieving $4.87 EPS, surpassing the consensus estimate by $0.04.

UniSuper Management Pty Ltd boosted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,215 shares of the industrial products company's stock after purchasing an additional 778 shares during the quarter. UniSuper Management Pty Ltd's holdings in Roper Technologies were worth $13,098,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ROP. Vanguard Group Inc. boosted its position in Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock valued at $6,318,678,000 after buying an additional 142,150 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in 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 buying an additional 500,764 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Roper Technologies by 0.4% in 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 buying an additional 20,238 shares during the last quarter. Nuveen LLC purchased a new stake in Roper Technologies in the first quarter valued at approximately $894,764,000. Finally, Wellington Management Group LLP boosted its position in Roper Technologies by 92.3% in the first 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 during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Buying and Selling

In related news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. The trade was 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 business's stock in a transaction that occurred 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 transaction, the director owned 20,510 shares of the company's stock, valued at $11,408,687.50. This 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.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Robert W. Baird upped their price objective on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Truist Financial upped their price objective 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 price objective on Roper Technologies in a research report on Friday, May 16th. Citigroup assumed coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective on the stock. Finally, Royal Bank Of Canada upped their price objective on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $636.36.

Roper Technologies Price Performance

Shares of ROP opened at $518.44 on Monday. The firm has a market cap of $55.79 billion, a price-to-earnings ratio of 36.15, a PEG ratio of 2.77 and a beta of 1.03. The stock has a 50 day moving average of $543.45 and a 200-day moving average of $559.62. 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, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued 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 return on equity of 10.79% and a net margin of 22.01%.The company's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business 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. As a group, analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors 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 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.

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