Midwest Trust Co Takes Position in Roper Technologies, Inc. $ROP

Midwest Trust Co purchased a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 495 shares of the industrial products company’s stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company’s stock worth $6,318,678,000 after purchasing an additional 142,150 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Roper Technologies by 9.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock worth $3,515,984,000 after purchasing an additional 500,764 shares during the period. T. Rowe Price Investment Management Inc. grew its stake 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 buying an additional 20,238 shares in the last quarter. Nuveen LLC bought a new position in Roper Technologies in the 1st quarter valued at about $894,764,000. Finally, Wellington Management Group LLP raised its position in shares of 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 in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROP has been the topic of several analyst reports. Raymond James Financial reduced their price target on shares of Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 24th. Robert W. Baird set a $592.00 target price on Roper Technologies in a report on Friday, October 24th. Jefferies Financial Group lowered their price target on Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Mizuho dropped their price objective on Roper Technologies from $600.00 to $510.00 and set a “neutral” rating for the company in a research report on Friday, October 17th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $570.00 target price on shares of Roper Technologies in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $577.83.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Amy Woods Brinkley bought 1,200 shares of Roper Technologies stock in a transaction on Wednesday, November 12th. The shares were purchased at an average cost of $450.71 per share, with a total value of $540,852.00. Following the acquisition, the director directly owned 18,184 shares of the company’s stock, valued at $8,195,710.64. The trade was a 7.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laurence Neil Hunn purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was acquired at an average price of $452.23 per share, with a total value of $4,522,300.00. Following the completion of the transaction, the chief executive officer owned 97,311 shares in the company, valued at approximately $44,006,953.53. This trade represents a 11.45% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.78% of the stock is owned by company insiders.

Roper Technologies Stock Up 2.7%

Shares of ROP opened at $455.20 on Thursday. 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 stock has a market capitalization of $49.00 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 2.13 and a beta of 0.98. The stock has a fifty day moving average of $491.89 and a 200-day moving average of $533.48.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.11 by $0.03. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. Roper Technologies had a return on equity of 10.92% and a net margin of 20.34%.Roper Technologies’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be paid a $0.91 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, January 2nd. Roper Technologies’s payout ratio is currently 25.09%.

About Roper Technologies

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.