Maryland State Retirement & Pension System Purchases 226 Shares of Roper Technologies, Inc. $ROP

Maryland State Retirement & Pension System lifted its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 4.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,218 shares of the industrial products company’s stock after purchasing an additional 226 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Roper Technologies were worth $2,958,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Nelson Capital Management LLC lifted its holdings in Roper Technologies by 0.9% during the second quarter. Nelson Capital Management LLC now owns 9,669 shares of the industrial products company’s stock worth $5,481,000 after acquiring an additional 88 shares in the last quarter. Mirova US LLC lifted its holdings in Roper Technologies by 3.5% during the second quarter. Mirova US LLC now owns 733,544 shares of the industrial products company’s stock worth $415,802,000 after acquiring an additional 24,995 shares in the last quarter. Triasima Portfolio Management inc. lifted its holdings in Roper Technologies by 1,372.4% during the second quarter. Triasima Portfolio Management inc. now owns 5,772 shares of the industrial products company’s stock worth $3,272,000 after acquiring an additional 5,380 shares in the last quarter. Shell Asset Management Co. lifted its holdings in Roper Technologies by 15.1% during the second quarter. Shell Asset Management Co. now owns 2,402 shares of the industrial products company’s stock worth $1,362,000 after acquiring an additional 316 shares in the last quarter. Finally, Roundview Capital LLC lifted its holdings in Roper Technologies by 2.6% during the second quarter. Roundview Capital LLC now owns 4,481 shares of the industrial products company’s stock worth $2,540,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Activity

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 value of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on ROP shares. 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 report on Tuesday, July 22nd. Truist Financial increased their target price on Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Robert W. Baird increased their target price on Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Citigroup initiated coverage on Roper Technologies in a report on Wednesday, August 20th. They set a “buy” rating and a $626.00 target price for the company. Finally, Barclays lowered their target price on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $635.27.

Roper Technologies Price Performance

Shares of NASDAQ ROP opened at $509.00 on Friday. The stock has a market capitalization of $54.77 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.43 and a beta of 1.00. The business has a 50-day moving average of $518.65 and a 200-day moving average of $547.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43. Roper Technologies, Inc. has a fifty-two week low of $492.25 and a fifty-two week high of $595.17.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. The company had revenue of $1.88 billion during the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a $0.825 dividend. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.19%.

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.