Mutual of America Capital Management LLC Acquires 2,945 Shares of Roper Technologies, Inc. $ROP

Mutual of America Capital Management LLC raised its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 13.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,143 shares of the industrial products company’s stock after purchasing an additional 2,945 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Roper Technologies were worth $13,687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company’s stock worth $6,318,678,000 after acquiring an additional 142,150 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Roper Technologies by 9.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock valued at $3,515,984,000 after purchasing an additional 500,764 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Roper Technologies by 0.4% in the first 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 buying an additional 20,238 shares in the last quarter. Nuveen LLC bought a new stake in shares of Roper Technologies during the first quarter worth $894,764,000. Finally, Wellington Management Group LLP lifted 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 valued at $826,030,000 after acquiring an additional 672,306 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP John K. Stipancich sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares of the company’s stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard F. Wallman sold 352 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the transaction, the director directly owned 20,510 shares in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ROP shares. Weiss Ratings restated a “hold (c+)” rating on shares of Roper Technologies in a research report on Wednesday, October 8th. Citigroup initiated coverage on Roper Technologies in a report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price target on the stock. JPMorgan Chase & Co. reiterated 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. Robert W. Baird boosted their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Finally, Barclays dropped their price target on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $623.82.

Roper Technologies Stock Performance

NASDAQ:ROP opened at $504.52 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. Roper Technologies, Inc. has a fifty-two week low of $492.25 and a fifty-two week high of $595.17. The company has a 50 day simple moving average of $515.32 and a two-hundred day simple moving average of $544.67. The company has a market capitalization of $54.29 billion, a PE ratio of 35.45, a P/E/G ratio of 2.36 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 EPS for the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. The company had revenue of $1.88 billion for the quarter. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. Research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, October 3rd. Roper Technologies’s payout ratio is currently 23.19%.

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.