Corient Private Wealth LP reduced its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 52.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 236,461 shares of the industrial products company’s stock after selling 259,634 shares during the quarter. Corient Private Wealth LP’s holdings in Roper Technologies were worth $80,016,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of ROP. California State Teachers Retirement System boosted its position in Roper Technologies by 31,706.7% in the 2nd quarter. California State Teachers Retirement System now owns 56,111,830 shares of the industrial products company’s stock valued at $18,987,682,000 after buying an additional 55,935,415 shares during the period. BlackRock Inc. acquired a new stake in Roper Technologies in the second quarter valued at $3,346,912,000. State Street Corp lifted its holdings in Roper Technologies by 2.1% during the 4th quarter. State Street Corp now owns 5,092,005 shares of the industrial products company’s stock worth $2,266,604,000 after buying an additional 105,250 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Roper Technologies by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,641,573 shares of the industrial products company’s stock worth $1,172,099,000 after buying an additional 22,335 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in Roper Technologies in the second quarter valued at approximately $890,328,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ROP has been the topic of a number of research analyst reports. Robert W. Baird set a $480.00 target price on Roper Technologies in a research report on Friday, July 24th. Raymond James Financial downgraded shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 22nd. Zacks Research cut Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 25th. Mizuho set a $355.00 price objective on Roper Technologies in a research note on Tuesday, July 21st. Finally, Argus upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 target price on the stock in a research note on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $466.94.
Roper Technologies Stock Down 0.0%
ROP opened at $388.52 on Friday. The business’s fifty day simple moving average is $388.87 and its 200 day simple moving average is $359.96. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 0.57. The firm has a market cap of $38.42 billion, a P/E ratio of 16.09, a PEG ratio of 1.94 and a beta of 0.75. Roper Technologies, Inc. has a 52 week low of $305.96 and a 52 week high of $521.28.
Roper Technologies (NASDAQ:ROP – Get Free Report) last announced its earnings results on Thursday, July 23rd. The industrial products company reported $5.38 earnings per share (EPS) 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 firm had revenue of $2.11 billion for the quarter. During the same quarter last year, the business posted $4.87 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. 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 EPS for the current fiscal year.
Roper Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be given a dividend of $0.91 per share. 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 dividend payout ratio is 15.08%.
Insider Buying and Selling at Roper Technologies
In related news, EVP John Stipancich sold 2,000 shares of Roper Technologies stock in a transaction on Monday, July 27th. The shares were 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 approximately $13,507,067.70. The trade was a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Wallman sold 6,434 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $361.00, for a total transaction of $2,322,674.00. Following the transaction, the director directly owned 7,423 shares in the company, valued at approximately $2,679,703. The trade was a 46.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.80% of the company’s stock.
Roper Technologies Company Profile
Roper Technologies, Inc (NASDAQ:ROP) is a diversified technology company that develops and operates specialized businesses serving niche markets. Its portfolio primarily consists of software and technology-enabled businesses that provide products and services to commercial, government, healthcare, education, and other professional customers.
The company’s activities include vertical-market software, network and data-management software, and technology-enabled products. Its software businesses support functions such as healthcare operations, education administration, construction and engineering, legal and professional services, and enterprise workflow management.
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