Guinness Asset Management LTD Sells 776 Shares of Roper Technologies, Inc. $ROP

Guinness Asset Management LTD lessened its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,232 shares of the industrial products company’s stock after selling 776 shares during the period. Guinness Asset Management LTD owned 0.07% of Roper Technologies worth $41,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. Nuveen LLC acquired a new stake in shares of Roper Technologies during the 1st quarter worth about $894,764,000. Wellington Management Group LLP raised its holdings in 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 period. Price T Rowe Associates Inc. MD lifted its position in Roper Technologies by 9.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock worth $3,515,984,000 after acquiring an additional 500,764 shares during the last quarter. Swedbank AB lifted its position in Roper Technologies by 201.6% during the second quarter. Swedbank AB now owns 675,513 shares of the industrial products company’s stock worth $382,908,000 after acquiring an additional 451,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Roper Technologies by 65.0% during the first quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company’s stock worth $377,407,000 after acquiring an additional 252,056 shares during the period. 93.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Robert W. Baird set a $592.00 price objective on Roper Technologies in a report on Friday. Truist Financial set a $650.00 price target on Roper Technologies in a research note on Friday. Stifel Nicolaus set a $550.00 price objective on shares of Roper Technologies in a research note on Friday. Mizuho dropped their target price on Roper Technologies from $600.00 to $510.00 and set a “neutral” rating for the company in a research report on Friday, October 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Roper Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $590.25.

Roper Technologies Trading Down 0.2%

ROP opened at $478.80 on Monday. The company has a fifty day moving average price of $512.60 and a two-hundred day moving average price of $543.18. Roper Technologies, Inc. has a 1-year low of $456.98 and a 1-year high of $595.17. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. The company has a market cap of $51.53 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 2.29 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP) last announced its quarterly 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 return on equity of 10.92% and a net margin of 20.34%.The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior 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. FY 2025 guidance at 19.900-19.950 EPS. Analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.7%. Roper Technologies’s dividend payout ratio (DPR) 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.