New York Life Investment Management LLC Raises Stake in Roper Technologies, Inc. $ROP

New York Life Investment Management LLC grew its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 1.5% in the second quarter, Holdings Channel reports. The firm owned 16,078 shares of the industrial products company’s stock after acquiring an additional 237 shares during the period. New York Life Investment Management LLC’s holdings in Roper Technologies were worth $9,114,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new stake in Roper Technologies in the first quarter worth about $25,000. MorganRosel Wealth Management LLC purchased a new stake in Roper Technologies in the first quarter worth about $27,000. Banque Transatlantique SA purchased a new stake in Roper Technologies in the first quarter worth about $25,000. Olde Wealth Management LLC purchased a new stake in Roper Technologies in the first quarter worth about $31,000. Finally, Wayfinding Financial LLC purchased a new stake in Roper Technologies in the first quarter worth about $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Jefferies Financial Group lowered their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Barclays lowered their price objective on shares of Roper Technologies from $550.00 to $506.00 and set an “underweight” rating for the company in a research note on Monday. TD Cowen decreased their price target on shares of Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Roper Technologies in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada lowered shares of Roper Technologies from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $644.00 to $539.00 in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $577.83.

Roper Technologies Stock Performance

ROP stock opened at $456.16 on Wednesday. The firm has a market cap of $49.09 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 2.22 and a beta of 1.00. The firm has a 50-day simple moving average of $509.70 and a two-hundred day simple moving average of $541.90. Roper Technologies, Inc. has a one year low of $455.71 and a one year high of $595.17. 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 announced its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate of $5.11 by $0.03. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. Roper Technologies’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm posted $4.62 EPS. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. On average, equities analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, October 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 22.74%.

Roper Technologies Company 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.