Geode Capital Management LLC Boosts Position in Roper Technologies, Inc. $ROP

Geode Capital Management LLC lifted its stake in Roper Technologies, Inc. (NASDAQ:ROP) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,574,503 shares of the industrial products company’s stock after purchasing an additional 27,386 shares during the period. Geode Capital Management LLC’s holdings in Roper Technologies were worth $1,453,557,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nuveen LLC bought a new stake in Roper Technologies during the 1st quarter valued at approximately $894,764,000. Wellington Management Group LLP boosted its position in shares of Roper Technologies by 92.3% during 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 purchasing an additional 672,306 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 worth $3,515,984,000 after purchasing an additional 500,764 shares during the period. Swedbank AB raised its holdings in Roper Technologies by 201.6% in the second quarter. Swedbank AB now owns 675,513 shares of the industrial products company’s stock worth $382,908,000 after purchasing an additional 451,549 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Roper Technologies by 65.0% during the first quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company’s stock valued at $377,407,000 after buying an additional 252,056 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

NASDAQ ROP opened at $455.20 on Thursday. Roper Technologies, Inc. has a one year low of $435.42 and a one year high of $595.17. The stock has a 50-day moving average of $491.89 and a 200 day moving average of $533.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.58. The company has a market capitalization of $49.00 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 2.13 and a beta of 0.98.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.11 by $0.03. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.62 earnings per share. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 0.8%. Roper Technologies’s payout ratio is 25.09%.

Analyst Ratings Changes

ROP has been the topic of a number of recent research reports. Jefferies Financial Group reduced their target price on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Stifel Nicolaus set a $550.00 price objective on shares of Roper Technologies in a report on Friday, October 24th. Citigroup started coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They set a “buy” rating and a $626.00 target price for the company. Robert W. Baird set a $592.00 price objective on Roper Technologies in a research report on Friday, October 24th. Finally, Raymond James Financial cut their target price on Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $577.83.

Insider Transactions at Roper Technologies

In other Roper Technologies news, CEO Laurence Neil Hunn acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average price of $452.23 per share, with a total value of $4,522,300.00. Following the completion of the acquisition, the chief executive officer owned 97,311 shares in the company, valued at $44,006,953.53. This represents a 11.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy Woods Brinkley bought 1,200 shares of Roper Technologies stock in a transaction on Wednesday, November 12th. The shares were acquired at an average cost of $450.71 per share, with a total value of $540,852.00. Following the completion of the acquisition, the director owned 18,184 shares of the company’s stock, valued at $8,195,710.64. The trade was a 7.07% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.78% of the company’s stock.

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.