Roper Technologies, Inc. $ROP Shares Purchased by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey boosted its stake in Roper Technologies, Inc. (NASDAQ:ROP) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,284 shares of the industrial products company’s stock after buying an additional 719 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Roper Technologies were worth $9,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Saudi Central Bank purchased a new stake in Roper Technologies during the 1st quarter valued at about $25,000. Banque Transatlantique SA acquired a new position in shares of Roper Technologies during the 1st quarter worth approximately $25,000. J.Safra Asset Management Corp grew its position in shares of Roper Technologies by 222.7% in the second quarter. J.Safra Asset Management Corp now owns 71 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 49 shares in the last quarter. Westside Investment Management Inc. grew its position in shares of Roper Technologies by 242.9% in the second quarter. Westside Investment Management Inc. now owns 72 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 51 shares in the last quarter. Finally, WPG Advisers LLC purchased a new position in Roper Technologies during the first quarter worth approximately $55,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ROP. TD Cowen dropped their target price on Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a report on Friday, October 24th. Robert W. Baird set a $592.00 price objective on shares of Roper Technologies in a research report on Friday, October 24th. Oppenheimer reaffirmed an “outperform” rating and set a $570.00 target price on shares of Roper Technologies in a research note on Thursday, October 23rd. Truist Financial set a $650.00 price target on shares of Roper Technologies in a research note on Friday, October 24th. Finally, Royal Bank Of Canada downgraded shares of Roper Technologies from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $644.00 to $539.00 in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $577.83.

Insider Activity

In other Roper Technologies news, Director Amy Woods Brinkley purchased 1,200 shares of Roper Technologies stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average price of $450.71 per share, with a total value of $540,852.00. Following the completion of the transaction, the director owned 18,184 shares of the company’s stock, valued at $8,195,710.64. This trade represents a 7.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Laurence Neil Hunn sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $443.57, for a total transaction of $13,307,100.00. Following the completion of the transaction, the chief executive officer directly owned 87,311 shares of the company’s stock, valued at approximately $38,728,540.27. The trade was a 25.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.78% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

Roper Technologies stock opened at $447.75 on Friday. The company’s 50 day simple moving average is $490.30 and its 200-day simple moving average is $532.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.58. Roper Technologies, Inc. has a 1 year low of $435.42 and a 1 year high of $595.17. The company has a market capitalization of $48.19 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98.

Roper Technologies (NASDAQ:ROP) last posted its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $5.11 by $0.03. The firm had revenue of $2.02 billion during 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% on a year-over-year basis. During the same quarter last year, the firm earned $4.62 EPS. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. As a group, equities research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be issued a $0.91 dividend. The ex-dividend date is Friday, January 2nd. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.83. Roper Technologies’s dividend payout ratio (DPR) is presently 25.09%.

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.