Principal Financial Group Inc. Sells 1,192,656 Shares of Roper Technologies, Inc. $ROP

Principal Financial Group Inc. decreased its position in Roper Technologies, Inc. (NASDAQ:ROP) by 50.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,155,870 shares of the industrial products company’s stock after selling 1,192,656 shares during the period. Principal Financial Group Inc.’s holdings in Roper Technologies were worth $409,029,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Triumph Capital Management bought a new stake in shares of Roper Technologies in the third quarter worth about $25,000. Private Wealth Management Group LLC lifted its holdings in shares of Roper Technologies by 195.8% during the 1st quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 47 shares in the last quarter. Tucker Asset Management LLC acquired a new position in shares of Roper Technologies in the 4th quarter valued at approximately $33,000. Board of the Pension Protection Fund bought a new position in Roper Technologies in the fourth quarter valued at approximately $36,000. Finally, Kelleher Financial Advisors bought a new stake in Roper Technologies in the 3rd quarter valued at $40,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

NASDAQ:ROP opened at $360.59 on Tuesday. The stock has a market capitalization of $36.39 billion, a PE ratio of 22.52, a P/E/G ratio of 1.62 and a beta of 0.76. Roper Technologies, Inc. has a 1-year low of $305.96 and a 1-year high of $566.24. The firm has a fifty day simple moving average of $336.59 and a 200 day simple moving average of $359.64. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.52.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.19. Roper Technologies had a net margin of 21.12% and a return on equity of 11.16%. The firm had revenue of $2.10 billion for the quarter. During the same period last year, the company posted $4.78 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. Roper Technologies has set its Q2 2026 guidance at 5.250-5.30 EPS and its FY 2026 guidance at 21.800-22.050 EPS. On average, research analysts expect that Roper Technologies, Inc. will post 21.95 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is 22.74%.

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Piper Sandler raised their price target on shares of Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Zacks Research lowered shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Roper Technologies in a research report on Monday, June 8th. Finally, Barclays decreased their price objective on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of “Hold” and an average target price of $467.12.

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.