Summit Global Investments Takes Position in Roper Technologies, Inc. $ROP

Summit Global Investments purchased a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 735 shares of the industrial products company’s stock, valued at approximately $416,000.

Several other hedge funds have also bought and sold shares of ROP. Endowment Wealth Management Inc. boosted its holdings in Roper Technologies by 3.4% during the first quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company’s stock worth $327,000 after buying an additional 18 shares in the last quarter. Fiduciary Alliance LLC raised its stake in shares of Roper Technologies by 0.8% during the 2nd quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company’s stock worth $1,329,000 after buying an additional 18 shares during the period. Townsend Asset Management Corp NC ADV lifted its position in shares of Roper Technologies by 0.8% during the 2nd quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company’s stock valued at $1,448,000 after buying an additional 20 shares in the last quarter. Sagespring Wealth Partners LLC increased its holdings in Roper Technologies by 2.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 718 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 20 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in Roper Technologies by 1.3% during the second quarter. First Horizon Advisors Inc. now owns 1,668 shares of the industrial products company’s stock worth $946,000 after acquiring an additional 21 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NASDAQ ROP opened at $446.41 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.58. The stock’s fifty day moving average is $479.12 and its two-hundred day moving average is $525.61. The firm has a market capitalization of $48.05 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. Roper Technologies, Inc. has a fifty-two week low of $435.42 and a fifty-two week high of $595.17.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate of $5.11 by $0.03. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. Roper Technologies had a return on equity of 10.92% and a net margin of 20.34%.The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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, research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Increases Dividend

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

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Amy Woods Brinkley purchased 1,200 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average price of $450.71 per share, with a total value of $540,852.00. Following the purchase, the director directly owned 18,184 shares in the company, valued at approximately $8,195,710.64. This trade represents a 7.07% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Laurence Neil Hunn acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average cost of $452.23 per share, with a total value of $4,522,300.00. Following the completion of the transaction, the chief executive officer directly owned 97,311 shares in the company, valued at approximately $44,006,953.53. The trade was a 11.45% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ROP shares. Robert W. Baird set a $592.00 target price on shares of Roper Technologies in a research note on Friday, October 24th. Jefferies Financial Group decreased their target price on Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Oppenheimer reiterated an “outperform” rating and set a $570.00 price target on shares of Roper Technologies in a research report on Thursday, October 23rd. Stifel Nicolaus set a $550.00 price objective on Roper Technologies in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $541.00 target price (down previously from $577.00) on shares of Roper Technologies in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $579.54.

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.