Renaissance Group LLC Has $32.59 Million Stock Position in Roper Technologies, Inc. $ROP

Renaissance Group LLC lessened its stake in Roper Technologies, Inc. (NASDAQ:ROP) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,485 shares of the industrial products company’s stock after selling 1,083 shares during the quarter. Renaissance Group LLC owned about 0.05% of Roper Technologies worth $32,585,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Saudi Central Bank acquired a new stake in shares of Roper Technologies in the first quarter valued at approximately $25,000. Banque Transatlantique SA acquired a new stake in shares of Roper Technologies in the 1st quarter valued at $25,000. J.Safra Asset Management Corp raised its position in shares of Roper Technologies by 222.7% during the second quarter. J.Safra Asset Management Corp now owns 71 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 49 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of Roper Technologies by 242.9% during the second quarter. Westside Investment Management Inc. now owns 72 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 51 shares during the period. Finally, Alpine Bank Wealth Management boosted its holdings in Roper Technologies by 68.4% in the second quarter. Alpine Bank Wealth Management now owns 96 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 39 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of research reports. 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 target price on the stock. Truist Financial set a $650.00 price objective on shares of Roper Technologies in a report on Friday, October 24th. TD Cowen lowered their target price on shares of Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a report on Friday, October 24th. Stifel Nicolaus set a $550.00 price target on Roper Technologies in a research note on Friday, October 24th. Finally, Oppenheimer restated an “outperform” rating and issued a $570.00 price target on shares of Roper Technologies in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $577.83.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Amy Woods Brinkley bought 1,200 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average cost of $450.71 per share, with a total value of $540,852.00. Following the purchase, the director owned 18,184 shares in the company, valued at $8,195,710.64. This trade represents a 7.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Laurence Neil Hunn sold 30,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $443.57, for a total transaction of $13,307,100.00. Following the completion of the transaction, the chief executive officer directly owned 87,311 shares in the company, valued at approximately $38,728,540.27. The trade was a 25.57% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.78% of the stock is currently owned by insiders.

Roper Technologies Trading Up 0.1%

ROP opened at $444.41 on Wednesday. The firm’s fifty day moving average is $485.83 and its two-hundred day moving average is $530.15. The firm has a market cap of $47.83 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. Roper Technologies, Inc. has a twelve month low of $435.42 and a twelve month 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 results on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.11 by $0.03. The company 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%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Increases Dividend

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

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.