Wilmington Savings Fund Society FSB lessened its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 58.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,904 shares of the industrial products company’s stock after selling 2,672 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Roper Technologies were worth $950,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the business. Norges Bank bought a new position in Roper Technologies during the 2nd quarter valued at approximately $1,064,718,000. JPMorgan Chase & Co. lifted its stake in Roper Technologies by 62.5% in the third quarter. JPMorgan Chase & Co. now owns 1,585,732 shares of the industrial products company’s stock worth $790,789,000 after acquiring an additional 610,089 shares during the period. Flossbach Von Storch SE boosted its holdings in Roper Technologies by 130.3% in the third quarter. Flossbach Von Storch SE now owns 896,161 shares of the industrial products company’s stock valued at $446,907,000 after acquiring an additional 507,083 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Roper Technologies by 131.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 750,800 shares of the industrial products company’s stock valued at $374,416,000 after purchasing an additional 426,648 shares during the period. Finally, Van ECK Associates Corp purchased a new stake in shares of Roper Technologies in the 3rd quarter worth about $200,009,000. 93.31% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, Director Thomas Patrick Joyce, Jr. acquired 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were bought at an average cost of $358.46 per share, with a total value of $501,844.00. Following the transaction, the director owned 1,400 shares of the company’s stock, valued at $501,844. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.78% of the company’s stock.
Roper Technologies Price Performance
Roper Technologies (NASDAQ:ROP – Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $5.21 earnings per share for the quarter, topping the consensus estimate of $5.14 by $0.07. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.09 billion. Roper Technologies had a return on equity of 10.99% and a net margin of 19.44%.The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.81 EPS. Roper Technologies has set its FY 2026 guidance at 21.300-21.550 EPS and its Q1 2026 guidance at 4.950-5.000 EPS. Analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.
Roper Technologies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Monday, April 6th will be paid a $0.91 dividend. The ex-dividend date is Monday, April 6th. This represents a $3.64 dividend on an annualized basis and a yield of 1.0%. Roper Technologies’s payout ratio is presently 25.63%.
Analysts Set New Price Targets
ROP has been the subject of a number of research reports. TD Cowen reissued a “buy” rating on shares of Roper Technologies in a research note on Wednesday, January 28th. Citigroup reduced their target price on Roper Technologies from $575.00 to $450.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Truist Financial decreased their target price on Roper Technologies from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Stifel Nicolaus restated a “hold” rating and issued a $385.00 target price (down from $550.00) on shares of Roper Technologies in a research note on Tuesday, January 27th. Finally, Mizuho reduced their price target on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $478.53.
Check Out Our Latest Report on ROP
Roper Technologies Company Profile
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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