Cibc World Market Inc. acquired a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,412 shares of the industrial products company’s stock, valued at approximately $5,892,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. OMERS ADMINISTRATION Corp purchased a new stake in Roper Technologies during the second quarter worth approximately $1,465,000. Sanctuary Advisors LLC purchased a new position in Roper Technologies in the second quarter valued at approximately $1,985,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Roper Technologies in the second quarter valued at approximately $551,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Roper Technologies during the second quarter worth approximately $2,139,000. Finally, Benchmark Investment Advisors LLC purchased a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $401,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Argus upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 target price for the company in a report on Thursday, August 6th. Weiss Ratings raised shares of Roper Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 14th. BMO Capital Markets started coverage on shares of Roper Technologies in a research note on Friday, July 10th. They issued a “market perform” rating and a $393.00 price objective for the company. Zacks Research lowered Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $417.00 target price on shares of Roper Technologies in a report on Tuesday, August 18th. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $466.94.
Roper Technologies Stock Performance
Shares of Roper Technologies stock opened at $413.37 on Wednesday. The firm’s fifty day simple moving average is $370.53 and its 200-day simple moving average is $353.34. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $532.18. The stock has a market capitalization of $40.88 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.87 and a beta of 0.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.55 and a quick ratio of 0.51.
Roper Technologies (NASDAQ:ROP – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.09. The company had revenue of $2.11 billion for the quarter. Roper Technologies had a net margin of 30.24% and a return on equity of 11.36%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.87 earnings per share. 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 analysts forecast that Roper Technologies, Inc. will post 22.22 earnings per share for the current year.
Roper Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 2nd. Roper Technologies’s payout ratio is currently 15.08%.
Insider Activity at Roper Technologies
In related news, Director Richard F. Wallman sold 6,434 shares of Roper Technologies stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $361.00, for a total value of $2,322,674.00. Following the sale, the director directly owned 7,423 shares in the company, valued at $2,679,703. The trade was a 46.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John K. Stipancich sold 2,000 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $379.05, for a total transaction of $758,100.00. Following the transaction, the executive vice president owned 35,634 shares in the company, valued at $13,507,067.70. The trade was a 5.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company’s stock.
About Roper Technologies
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.
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