Roper Technologies, Inc. $ROP Position Cut by California Public Employees Retirement System

California Public Employees Retirement System lowered its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 16.5% during the 2nd quarter, Holdings Channel reports. The fund owned 406,715 shares of the industrial products company’s stock after selling 80,609 shares during the period. California Public Employees Retirement System’s holdings in Roper Technologies were worth $230,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Saudi Central Bank acquired a new position in shares of Roper Technologies during the first quarter valued at $25,000. Banque Transatlantique SA bought a new position in Roper Technologies in the 1st quarter valued at about $25,000. Vermillion & White Wealth Management Group LLC increased its stake in Roper Technologies by 89.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 53 shares of the industrial products company’s stock valued at $30,000 after buying an additional 25 shares during the period. J.Safra Asset Management Corp raised its position in shares of Roper Technologies by 222.7% during the 2nd quarter. J.Safra Asset Management Corp now owns 71 shares of the industrial products company’s stock worth $40,000 after buying an additional 49 shares in the last quarter. Finally, Westside Investment Management Inc. raised its position in shares of Roper Technologies by 242.9% during the 2nd quarter. Westside Investment Management Inc. now owns 72 shares of the industrial products company’s stock worth $41,000 after buying an additional 51 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Mizuho decreased their price objective on shares of Roper Technologies from $600.00 to $510.00 and set a “neutral” rating for the company in a report on Friday, October 17th. TD Cowen decreased their price target on Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Raymond James Financial lowered their price target on Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 24th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $541.00 price objective (down previously from $577.00) on shares of Roper Technologies in a report on Wednesday, October 15th. Finally, Truist Financial set a $650.00 target price on Roper Technologies in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $577.15.

Insider Transactions at Roper Technologies

In other news, Director Amy Woods Brinkley bought 1,200 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of $450.71 per share, for a total transaction of $540,852.00. Following the completion of the acquisition, the director directly owned 18,184 shares in the company, valued at $8,195,710.64. This represents a 7.07% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Laurence Neil Hunn bought 10,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average cost of $452.23 per share, for a total transaction of $4,522,300.00. Following the completion of the transaction, the chief executive officer owned 97,311 shares of the company’s stock, valued at $44,006,953.53. This represents a 11.45% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

NASDAQ ROP opened at $447.56 on Monday. Roper Technologies, Inc. has a 1 year low of $435.42 and a 1 year high of $595.17. The business’s fifty day moving average is $469.67 and its two-hundred day moving average is $518.26. The stock has a market capitalization of $48.18 billion, a P/E ratio of 30.84, a P/E/G ratio of 2.25 and a beta of 0.94. 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 issued its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.11 by $0.03. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Roper Technologies had a return on equity of 10.92% and a net margin of 20.34%.The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.62 EPS. 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, research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

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

Roper Technologies 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.