Roper Technologies, Inc. $ROP Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 34.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,550 shares of the industrial products company’s stock after selling 4,038 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Roper Technologies were worth $4,280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Caldwell Trust Co purchased a new stake in shares of Roper Technologies in the 2nd quarter valued at about $1,725,000. Valeo Financial Advisors LLC acquired a new position in Roper Technologies during the second quarter worth approximately $380,000. Reynders McVeigh Capital Management LLC lifted its stake in Roper Technologies by 17.7% in the second quarter. Reynders McVeigh Capital Management LLC now owns 832 shares of the industrial products company’s stock valued at $472,000 after buying an additional 125 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Roper Technologies by 66.6% in the second quarter. Osaic Holdings Inc. now owns 17,025 shares of the industrial products company’s stock valued at $9,789,000 after acquiring an additional 6,803 shares during the period. Finally, American Trust grew its position in shares of Roper Technologies by 2.5% during the second quarter. American Trust now owns 4,024 shares of the industrial products company’s stock worth $2,281,000 after acquiring an additional 100 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

Shares of ROP opened at $452.24 on Thursday. 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 $48.68 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.23 and a beta of 0.94. The company’s 50 day simple moving average is $460.23 and its 200 day simple moving average is $511.71. 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 (NASDAQ:ROP) last released its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.11 by $0.03. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the company earned $4.62 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS and its FY 2025 guidance at 19.900-19.950 EPS. On average, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.83. Roper Technologies’s dividend payout ratio is presently 22.74%.

Analysts Set New Price Targets

Several research firms have commented on ROP. Barclays dropped their price objective on shares of Roper Technologies from $506.00 to $475.00 and set an “underweight” rating on the stock in a research note on Thursday, December 4th. Mizuho dropped their price target on shares of Roper Technologies from $600.00 to $510.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Robert W. Baird set a $592.00 price target on shares of Roper Technologies in a report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Roper Technologies in a report on Friday, October 31st. Finally, Truist Financial set a $650.00 target price on Roper Technologies in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $572.14.

Insider Activity at Roper Technologies

In other news, CEO Laurence Neil Hunn acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were bought at an average price of $452.23 per share, for a total transaction of $4,522,300.00. Following the completion of the purchase, the chief executive officer directly owned 97,311 shares of the company’s stock, valued at approximately $44,006,953.53. This trade represents a 11.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Amy Woods Brinkley bought 1,200 shares of Roper Technologies stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average cost of $450.71 per share, for a total transaction of $540,852.00. Following the completion of the transaction, the director owned 18,184 shares of the company’s stock, valued at approximately $8,195,710.64. This represents a 7.07% increase in their position. The SEC filing for this purchase provides additional information. 0.78% of the stock is owned by insiders.

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.