Manitou Investment Management Ltd. Trims Stock Position in Roper Technologies, Inc. $ROP

Manitou Investment Management Ltd. lessened its stake in Roper Technologies, Inc. (NASDAQ:ROPFree Report) by 90.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,835 shares of the industrial products company’s stock after selling 110,348 shares during the quarter. Roper Technologies accounts for about 0.7% of Manitou Investment Management Ltd.’s portfolio, making the stock its 14th largest holding. Manitou Investment Management Ltd.’s holdings in Roper Technologies were worth $4,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROP. Red Spruce Capital LLC purchased a new position in Roper Technologies during the second quarter valued at approximately $305,000. Dynamic Advisor Solutions LLC boosted its position in Roper Technologies by 5.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 2,800 shares of the industrial products company’s stock worth $948,000 after purchasing an additional 152 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Roper Technologies by 81.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,395 shares of the industrial products company’s stock worth $1,487,000 after purchasing an additional 1,976 shares during the period. Arlington Partners LLC increased its holdings in shares of Roper Technologies by 23.0% during the 2nd quarter. Arlington Partners LLC now owns 828 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 155 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in shares of Roper Technologies by 81.0% during the 2nd quarter. Central Pacific Bank Trust Division now owns 1,900 shares of the industrial products company’s stock valued at $643,000 after purchasing an additional 850 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Roper Technologies stock opened at $397.08 on Friday. The stock has a market capitalization of $39.27 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.78 and a beta of 0.74. The company’s fifty day moving average price is $352.58 and its 200 day moving average price is $351.62. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.51 and a current ratio of 0.55. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $546.52.

Roper Technologies (NASDAQ:ROPGet Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.09. Roper Technologies had a net margin of 30.24% and a return on equity of 11.36%. The company had revenue of $2.11 billion during the quarter. During the same quarter in the prior year, the company posted $4.87 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. Roper Technologies has set its FY 2026 guidance at 22.150-22.300 EPS and its Q3 2026 guidance at 5.750-5.800 EPS. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 22.22 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a yield of 0.9%. Roper Technologies’s dividend payout ratio (DPR) is currently 15.08%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Robert W. Baird set a $480.00 price target on shares of Roper Technologies in a report on Friday, July 24th. Barclays decreased their price objective on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research report on Friday, April 24th. Mizuho set a $355.00 target price on shares of Roper Technologies in a research note on Tuesday, July 21st. JPMorgan Chase & Co. raised their target price on Roper Technologies from $397.00 to $415.00 and gave the company an “underweight” rating in a research report on Wednesday, July 29th. Finally, Raymond James Financial lowered Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $466.94.

View Our Latest Stock Report on Roper Technologies

Insider Transactions at Roper Technologies

In other Roper Technologies news, EVP John K. Stipancich sold 2,000 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $379.05, for a total transaction of $758,100.00. Following the completion of the transaction, the executive vice president owned 35,634 shares of the company’s stock, valued at $13,507,067.70. This represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman sold 6,434 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $361.00, for a total value of $2,322,674.00. Following the completion of the transaction, the director owned 7,423 shares in the company, valued at approximately $2,679,703. This trade represents a 46.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.80% of the company’s stock.

Roper Technologies Profile

(Free Report)

Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.

Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.

See Also

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Institutional Ownership by Quarter for Roper Technologies (NASDAQ:ROP)

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