Manitou Investment Management Ltd. Sells 110,348 Shares of Roper Technologies, Inc. $ROP

Manitou Investment Management Ltd. lowered its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 90.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,835 shares of the industrial products company’s stock after selling 110,348 shares during the quarter. Roper Technologies makes up 0.7% of Manitou Investment Management Ltd.’s portfolio, making the stock its 14th biggest position. Manitou Investment Management Ltd.’s holdings in Roper Technologies were worth $4,005,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Triumph Capital Management purchased a new position in shares of Roper Technologies in the 3rd quarter valued at $25,000. Private Wealth Management Group LLC lifted its stake in shares of Roper Technologies by 195.8% during the 1st quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 47 shares during the last quarter. Tucker Asset Management LLC bought a new stake in Roper Technologies during the fourth quarter valued at about $33,000. Global Assets Advisory LLC bought a new stake in Roper Technologies during the first quarter valued at about $36,000. Finally, Kelleher Financial Advisors purchased a new position in Roper Technologies in the third quarter valued at about $40,000. 93.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 6,434 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $361.00, for a total value of $2,322,674.00. Following the transaction, the director directly owned 7,423 shares of the company’s stock, valued at $2,679,703. This represents a 46.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John K. Stipancich sold 2,000 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $379.05, for a total value of $758,100.00. Following the completion of the transaction, the executive vice president owned 35,634 shares of the company’s stock, valued at $13,507,067.70. This trade represents a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by insiders.

Roper Technologies Stock Performance

ROP opened at $397.08 on Friday. Roper Technologies, Inc. has a 52-week low of $305.96 and a 52-week high of $546.52. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 0.57. The company has a market cap of $39.27 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The firm’s 50-day moving average price is $352.58 and its 200-day moving average price is $351.62.

Roper Technologies (NASDAQ:ROP) last released its earnings results on Thursday, July 23rd. The industrial products company reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.29 by $0.09. The company had revenue of $2.11 billion during the quarter. Roper Technologies had a net margin of 30.24% and a return on equity of 11.36%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business earned $4.87 earnings per share. Roper Technologies has set its FY 2026 guidance at 22.150-22.300 EPS and its Q3 2026 guidance at 5.750-5.800 EPS. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 22.22 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, July 8th. Roper Technologies’s payout ratio is presently 15.08%.

Analysts Set New Price Targets

Several research firms have commented on ROP. Royal Bank Of Canada increased their price target on shares of Roper Technologies from $407.00 to $417.00 and gave the company a “sector perform” rating in a research report on Friday, July 24th. Piper Sandler reduced their price objective on shares of Roper Technologies from $540.00 to $526.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Argus raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Thursday. Raymond James Financial downgraded shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. upped their price target on Roper Technologies from $397.00 to $415.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 29th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $466.94.

About Roper Technologies

Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.

Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.