Creative Planning Trims Position in Roper Technologies, Inc. $ROP

Creative Planning reduced its position in Roper Technologies, Inc. (NASDAQ:ROP) by 4.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 17,040 shares of the industrial products company’s stock after selling 718 shares during the period. Creative Planning’s holdings in Roper Technologies were worth $9,659,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Nuveen LLC acquired a new position in Roper Technologies in the first quarter valued at $894,764,000. Wellington Management Group LLP grew its holdings in Roper Technologies by 92.3% in the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company’s stock valued at $826,030,000 after buying an additional 672,306 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Roper Technologies by 9.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock valued at $3,515,984,000 after acquiring an additional 500,764 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Roper Technologies by 555.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 542,110 shares of the industrial products company’s stock valued at $307,290,000 after acquiring an additional 459,396 shares during the last quarter. Finally, Swedbank AB lifted its holdings in shares of Roper Technologies by 201.6% during the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company’s stock worth $382,908,000 after acquiring an additional 451,549 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling

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

Roper Technologies Stock Performance

NASDAQ:ROP opened at $444.41 on Wednesday. The firm’s fifty day simple moving average is $485.83 and its 200 day simple moving average is $530.15. 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 twelve month low of $435.42 and a twelve month high of $595.17. The firm has a market capitalization of $47.83 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 2.13 and a beta of 0.98.

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 firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. Roper Technologies had a return on equity of 10.92% and a net margin of 20.34%.The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior 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. As a group, equities research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently declared 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. This is a boost from Roper Technologies’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.64 annualized dividend and a yield of 0.8%. Roper Technologies’s dividend payout ratio is presently 25.09%.

Analyst Upgrades and Downgrades

ROP has been the subject of several research analyst reports. Citigroup started coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price target for the company. Jefferies Financial Group dropped their price objective on Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Roper Technologies in a report on Friday, October 31st. Barclays dropped their price target on Roper Technologies from $550.00 to $506.00 and set an “underweight” rating for the company in a research note on Monday, October 27th. Finally, Royal Bank Of Canada lowered Roper Technologies from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $644.00 to $539.00 in a research note on Monday, October 27th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus target price of $577.83.

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.