Connor Clark & Lunn Investment Management Ltd. Has $2.93 Million Holdings in Roper Technologies, Inc. $ROP

Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 32.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,164 shares of the industrial products company’s stock after selling 2,479 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Roper Technologies were worth $2,927,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Roper Technologies by 11.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,199,872 shares of the industrial products company’s stock valued at $680,135,000 after buying an additional 122,210 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Roper Technologies by 38.4% in the second quarter. Parkside Financial Bank & Trust now owns 422 shares of the industrial products company’s stock worth $239,000 after acquiring an additional 117 shares during the last quarter. Aviva PLC boosted its position in Roper Technologies by 85.6% during the second quarter. Aviva PLC now owns 80,292 shares of the industrial products company’s stock valued at $45,513,000 after purchasing an additional 37,020 shares during the last quarter. Prospera Financial Services Inc grew its stake in Roper Technologies by 21.6% in the second quarter. Prospera Financial Services Inc now owns 1,607 shares of the industrial products company’s stock valued at $911,000 after purchasing an additional 285 shares in the last quarter. Finally, AGF Management Ltd. increased its position in Roper Technologies by 6.0% in the 2nd quarter. AGF Management Ltd. now owns 4,994 shares of the industrial products company’s stock worth $2,831,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.4%

Roper Technologies stock opened at $449.50 on Friday. 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, Inc. has a fifty-two week low of $435.42 and a fifty-two week high of $595.17. The firm has a fifty day moving average price of $488.92 and a two-hundred day moving average price of $532.18. The firm has a market cap of $48.38 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 2.13 and a beta of 0.98.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company posted $4.62 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be paid a $0.91 dividend. The ex-dividend date is Friday, January 2nd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. Roper Technologies’s dividend payout ratio is 25.09%.

Insider Buying and Selling at Roper Technologies

In related news, Director Amy Woods Brinkley acquired 1,200 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average price of $450.71 per share, with a total value of $540,852.00. Following the completion of the transaction, the director owned 18,184 shares of the company’s stock, valued at approximately $8,195,710.64. This represents a 7.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Laurence Neil Hunn sold 30,000 shares of Roper Technologies stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $443.57, for a total value of $13,307,100.00. Following the sale, the chief executive officer directly owned 87,311 shares in the company, valued at approximately $38,728,540.27. This trade represents a 25.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ROP has been the subject of several recent research reports. Barclays lowered their price target on Roper Technologies from $550.00 to $506.00 and set an “underweight” rating for the company in a research note on Monday, October 27th. Stifel Nicolaus set a $550.00 target price on shares of Roper Technologies in a research report on Friday, October 24th. Citigroup initiated coverage on shares of 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 from $577.00) on shares of Roper Technologies in a report on Wednesday, October 15th. Finally, Oppenheimer restated an “outperform” rating and set a $570.00 target price on shares of Roper Technologies in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $577.83.

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.