Roper Technologies, Inc. $ROP Position Boosted by Manitou Investment Management Ltd.

Manitou Investment Management Ltd. raised its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROPFree Report) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,670 shares of the industrial products company’s stock after buying an additional 6,011 shares during the period. Roper Technologies comprises approximately 6.4% of Manitou Investment Management Ltd.’s portfolio, making the stock its 8th largest position. Manitou Investment Management Ltd. owned about 0.07% of Roper Technologies worth $36,738,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Corbyn Investment Management Inc. MD purchased a new stake in Roper Technologies in the second quarter worth $567,000. Vanguard Group Inc. boosted its holdings in shares of Roper Technologies by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 10,896,899 shares of the industrial products company’s stock valued at $6,176,798,000 after buying an additional 179,646 shares in the last quarter. Swiss National Bank grew its position in shares of Roper Technologies by 7.5% in the 2nd quarter. Swiss National Bank now owns 325,100 shares of the industrial products company’s stock worth $184,280,000 after buying an additional 22,700 shares during the period. ZWJ Investment Counsel Inc. increased its stake in shares of Roper Technologies by 4.5% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 71,985 shares of the industrial products company’s stock worth $35,898,000 after acquiring an additional 3,103 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Roper Technologies by 70.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 117,162 shares of the industrial products company’s stock valued at $66,412,000 after acquiring an additional 48,381 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 0.1%

Shares of NASDAQ:ROP opened at $450.83 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.58 and a quick ratio of 0.53. Roper Technologies, Inc. has a 1 year low of $435.42 and a 1 year high of $595.17. The company has a market cap of $48.53 billion, a P/E ratio of 31.07, a PEG ratio of 2.26 and a beta of 0.94. The stock’s fifty day moving average price is $452.00 and its 200-day moving average price is $505.81.

Roper Technologies (NASDAQ:ROPGet Free Report) last released its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate of $5.11 by $0.03. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. Roper Technologies had a return on equity of 10.92% and a net margin of 20.34%.Roper Technologies’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the company earned $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. Sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.91 per share. 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 dividend yield of 0.8%. Roper Technologies’s dividend payout ratio is presently 22.74%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Roper Technologies from $506.00 to $475.00 and set an “underweight” rating for the company in a report on Thursday, December 4th. Royal Bank Of Canada lowered Roper Technologies from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $644.00 to $539.00 in a research report on Monday, October 27th. Oppenheimer reissued an “outperform” rating and issued a $570.00 target price on shares of Roper Technologies in a report on Thursday, October 23rd. TD Cowen reduced their price target on Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a report on Friday, October 24th. Finally, The Goldman Sachs Group dropped their price target on shares of Roper Technologies from $572.00 to $507.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $572.14.

Get Our Latest Research Report on ROP

About Roper Technologies

(Free Report)

Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.

Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.

See Also

Institutional Ownership by Quarter for Roper Technologies (NASDAQ:ROP)

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.