GFI Investment Counsel Ltd. Invests $82.85 Million in Roper Technologies, Inc. $ROP

GFI Investment Counsel Ltd. bought a new position in Roper Technologies, Inc. (NYSE:ROP) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 140,519 shares of the industrial products company’s stock, valued at approximately $82,847,000. Roper Technologies accounts for approximately 9.6% of GFI Investment Counsel Ltd.’s investment portfolio, making the stock its 2nd largest position.

Several other institutional investors have also recently made changes to their positions in ROP. Vanguard Group Inc. raised its stake in Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company’s stock worth $6,318,678,000 after buying an additional 142,150 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Roper Technologies by 0.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company’s stock valued at $3,049,155,000 after acquiring an additional 20,238 shares in the last quarter. Nuveen LLC purchased a new position in Roper Technologies during the 1st quarter worth $894,764,000. Wellington Management Group LLP grew its stake in shares of Roper Technologies by 92.3% in the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company’s stock worth $826,030,000 after acquiring an additional 672,306 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Roper Technologies by 1.7% in the fourth quarter. Mackenzie Financial Corp now owns 1,165,053 shares of the industrial products company’s stock valued at $605,653,000 after purchasing an additional 19,377 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ROP. Mizuho set a $600.00 price target on shares of Roper Technologies in a report on Friday, May 16th. Stifel Nicolaus cut their target price on Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Truist Financial upped their target price on Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price target on Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Finally, Oppenheimer reissued an “outperform” rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $636.36.

Roper Technologies Stock Performance

NYSE:ROP opened at $540.52 on Thursday. The company has a market capitalization of $58.17 billion, a P/E ratio of 37.69, a P/E/G ratio of 2.77 and a beta of 0.99. The business has a fifty day simple moving average of $552.49 and a two-hundred day simple moving average of $563.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping analysts’ consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same quarter last year, the firm earned $4.48 earnings per share. Roper Technologies’s revenue for the quarter was up 13.2% compared to the same quarter last year. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. On average, analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies’s payout ratio is presently 23.19%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the sale, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.