Bessemer Group Inc. Sells 110 Shares of Roper Technologies, Inc. $ROP

Bessemer Group Inc. lessened its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 3.5% in the second quarter, Holdings Channel.com reports. The fund owned 3,011 shares of the industrial products company’s stock after selling 110 shares during the period. Bessemer Group Inc.’s holdings in Roper Technologies were worth $1,707,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in shares of Roper Technologies in the 1st quarter worth about $894,764,000. Wellington Management Group LLP raised its stake in Roper Technologies by 92.3% in the first quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company’s stock worth $826,030,000 after buying an additional 672,306 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Roper Technologies by 9.2% in 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 buying an additional 500,764 shares during the period. Swedbank AB boosted its position in Roper Technologies by 201.6% during the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company’s stock valued at $382,908,000 after acquiring an additional 451,549 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Roper Technologies by 65.0% during the 1st 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. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

ROP opened at $443.40 on Friday. The firm has a market cap of $47.71 billion, a PE ratio of 30.56, a P/E/G ratio of 2.13 and a beta of 1.00. The stock has a 50-day moving average price of $506.15 and a 200-day moving average price of $540.42. Roper Technologies, Inc. has a 1 year low of $442.69 and a 1 year high of $595.17. 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 (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 company had revenue of $2.02 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior 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. Sell-side analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Mizuho dropped their price target on Roper Technologies from $600.00 to $510.00 and set a “neutral” rating on the stock in a research report on Friday, October 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Roper Technologies in a report on Wednesday, October 8th. Raymond James Financial reduced their target price on shares of Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 24th. Citigroup assumed coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price target for the company. Finally, Royal Bank Of Canada cut shares of Roper Technologies from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $644.00 to $539.00 in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $577.83.

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.