Roper Technologies, Inc. $ROP Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in Roper Technologies, Inc. (NASDAQ:ROP) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 466,500 shares of the industrial products company’s stock after selling 25,828 shares during the quarter. Roper Technologies comprises approximately 0.5% of ProShare Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. ProShare Advisors LLC owned about 0.43% of Roper Technologies worth $264,431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ROP. Profund Advisors LLC grew its stake in Roper Technologies by 10.1% during the 2nd quarter. Profund Advisors LLC now owns 9,641 shares of the industrial products company’s stock worth $5,465,000 after buying an additional 887 shares during the last quarter. Zions Bancorporation National Association UT grew its stake in shares of Roper Technologies by 61.8% during the second quarter. Zions Bancorporation National Association UT now owns 199 shares of the industrial products company’s stock worth $113,000 after acquiring an additional 76 shares during the last quarter. Midwest Trust Co acquired a new position in shares of Roper Technologies during the second quarter valued at about $281,000. Flossbach Von Storch SE raised its position in shares of Roper Technologies by 29.7% in the 2nd quarter. Flossbach Von Storch SE now owns 389,078 shares of the industrial products company’s stock valued at $220,545,000 after purchasing an additional 89,030 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Roper Technologies by 15.2% in the 2nd quarter. Acadian Asset Management LLC now owns 133,801 shares of the industrial products company’s stock worth $75,828,000 after purchasing an additional 17,636 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NASDAQ ROP opened at $447.05 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. The stock 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 stock has a 50-day moving average of $496.31 and a 200 day moving average of $535.61. Roper Technologies, Inc. has a twelve month low of $435.42 and a twelve month high of $595.17.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data 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 business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm posted $4.62 earnings per share. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. Sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ROP. Truist Financial set a $650.00 target price on Roper Technologies in a research report on Friday, October 24th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $541.00 price target (down from $577.00) on shares of Roper Technologies in a research report on Wednesday, October 15th. Raymond James Financial dropped their price objective on shares of Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating on the stock in a report on Friday, October 24th. Barclays reduced their target price on shares of Roper Technologies from $550.00 to $506.00 and set an “underweight” rating for the company in a report on Monday, October 27th. Finally, Stifel Nicolaus set a $550.00 price target on shares of Roper Technologies in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $577.83.

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.