Roper Technologies, Inc. $ROP Position Reduced by King Luther Capital Management Corp

King Luther Capital Management Corp reduced its position in Roper Technologies, Inc. (NASDAQ:ROP) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 500,518 shares of the industrial products company’s stock after selling 5,216 shares during the quarter. Roper Technologies makes up about 1.2% of King Luther Capital Management Corp’s investment portfolio, making the stock its 19th biggest holding. King Luther Capital Management Corp owned approximately 0.47% of Roper Technologies worth $283,714,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Stephens Investment Management Group LLC increased its stake in Roper Technologies by 6.2% during the 1st quarter. Stephens Investment Management Group LLC now owns 28,102 shares of the industrial products company’s stock valued at $16,568,000 after buying an additional 1,635 shares during the period. Eos Management L.P. raised its holdings in Roper Technologies by 41.3% during the first quarter. Eos Management L.P. now owns 11,759 shares of the industrial products company’s stock worth $6,933,000 after purchasing an additional 3,435 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Roper Technologies by 20.0% in the first quarter. BNP Paribas Financial Markets now owns 383,373 shares of the industrial products company’s stock worth $226,029,000 after purchasing an additional 63,988 shares during the period. Arizona State Retirement System boosted its stake in Roper Technologies by 4.8% during the 1st quarter. Arizona State Retirement System now owns 32,237 shares of the industrial products company’s stock valued at $19,006,000 after purchasing an additional 1,483 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of Roper Technologies by 41.6% during the 1st quarter. Cerity Partners LLC now owns 81,627 shares of the industrial products company’s stock valued at $48,126,000 after purchasing an additional 24,001 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on ROP shares. Raymond James Financial decreased their target price on Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating for the company in a research note on Friday, October 24th. Royal Bank Of Canada cut shares of Roper Technologies from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $644.00 to $539.00 in a research note on Monday, October 27th. Stifel Nicolaus set a $550.00 target price on shares of Roper Technologies in a report on Friday, October 24th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $541.00 price target (down previously from $577.00) on shares of Roper Technologies in a research report on Wednesday, October 15th. Finally, TD Cowen dropped their price target on Roper Technologies from $650.00 to $625.00 and set a “buy” rating on the stock in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $577.83.

Roper Technologies Stock Up 0.6%

NASDAQ:ROP opened at $447.05 on Friday. The business’s fifty day moving average price is $496.31 and its 200 day moving average price is $535.72. The firm has a market capitalization of $48.12 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 2.13 and a beta of 0.98. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. Roper Technologies, Inc. has a 1-year low of $435.42 and a 1-year 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, beating the consensus estimate of $5.11 by $0.03. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the company posted $4.62 EPS. Roper Technologies’s revenue 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. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, January 2nd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 0.8%. Roper Technologies’s payout ratio is 22.74%.

About Roper Technologies

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.