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

Renaissance Group LLC decreased its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,485 shares of the industrial products company’s stock after selling 1,083 shares during the quarter. Renaissance Group LLC’s holdings in Roper Technologies were worth $32,585,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Roper Technologies by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 10,896,899 shares of the industrial products company’s stock worth $6,176,798,000 after buying an additional 179,646 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Roper Technologies by 9.2% in the first 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. T. Rowe Price Investment Management Inc. raised its holdings in Roper Technologies by 0.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company’s stock worth $3,049,155,000 after acquiring an additional 20,238 shares in the last quarter. Geode Capital Management LLC boosted its position in Roper Technologies by 1.1% during the second quarter. Geode Capital Management LLC now owns 2,574,503 shares of the industrial products company’s stock valued at $1,453,557,000 after purchasing an additional 27,386 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Roper Technologies during the 1st quarter worth approximately $894,764,000. Institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ROP shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $541.00 target price (down from $577.00) on shares of Roper Technologies in a research note on Wednesday, October 15th. Barclays cut their price target on shares of Roper Technologies from $550.00 to $506.00 and set an “underweight” rating for the company in a research note on Monday, October 27th. Mizuho decreased their price objective on shares of Roper Technologies from $600.00 to $510.00 and set a “neutral” rating for the company in a research report on Friday, October 17th. Jefferies Financial Group dropped their target price on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Finally, Citigroup began coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They issued a “buy” rating and a $626.00 target price for the company. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $577.83.

Insider Activity at Roper Technologies

In related news, Director Amy Woods Brinkley purchased 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of $450.71 per share, with a total value of $540,852.00. Following the completion of the purchase, the director directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Laurence Neil Hunn sold 30,000 shares of the firm’s stock in a transaction dated 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. This represents a 25.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.78% of the stock is currently owned by company insiders.

Roper Technologies Stock Up 0.1%

Shares of ROP opened at $444.41 on Wednesday. The firm has a market cap of $47.83 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. 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, Inc. has a 52 week low of $435.42 and a 52 week high of $595.17. The firm’s 50-day simple moving average is $485.83 and its 200 day simple moving average is $530.15.

Roper Technologies (NASDAQ:ROP) last posted its 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 return on equity of 10.92% and a net margin of 20.34%.The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business earned $4.62 earnings per share. The firm’s revenue for the quarter 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, analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Increases Dividend

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