135,000 Shares in Roper Technologies, Inc. $ROP Purchased by Wishbone Management LP

Wishbone Management LP purchased a new stake in Roper Technologies, Inc. (NASDAQ:ROP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 135,000 shares of the industrial products company’s stock, valued at approximately $45,682,650,000. Roper Technologies comprises 19.7% of Wishbone Management LP’s holdings, making the stock its 3rd largest position.

Several other hedge funds have also recently bought and sold shares of ROP. BlackRock Inc. bought a new stake in shares of Roper Technologies during the second quarter worth approximately $3,346,912,000. Norges Bank bought a new position in shares of Roper Technologies during the fourth quarter worth approximately $1,112,873,000. Vanguard Group Inc. lifted its holdings in Roper Technologies by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock worth $5,553,932,000 after purchasing an additional 1,384,656 shares during the last quarter. Flossbach Von Storch SE bought a new stake in Roper Technologies in the 2nd quarter valued at $448,321,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Roper Technologies by 206.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company’s stock valued at $474,070,000 after buying an additional 903,223 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on ROP. Piper Sandler lowered their price objective on Roper Technologies from $540.00 to $526.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Robert W. Baird set a $480.00 price target on shares of Roper Technologies in a research note on Friday, July 24th. Raymond James Financial cut shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $397.00 to $415.00 and gave the company an “underweight” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Roper Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $466.94.

Insider Activity

In related news, Director Richard F. Wallman sold 6,434 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $361.00, for a total transaction of $2,322,674.00. Following the sale, the director owned 7,423 shares in the company, valued at approximately $2,679,703. This trade represents a 46.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John K. Stipancich sold 2,000 shares of Roper Technologies stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 35,634 shares in the company, valued at $13,507,067.70. This trade represents a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.80% of the stock is owned by company insiders.

Roper Technologies Stock Performance

NASDAQ:ROP opened at $415.51 on Tuesday. The stock has a fifty day moving average price of $369.01 and a 200-day moving average price of $352.96. The company has a market cap of $41.09 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.85 and a beta of 0.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.51 and a current ratio of 0.55. Roper Technologies, Inc. has a fifty-two week low of $305.96 and a fifty-two week high of $536.57.

Roper Technologies (NASDAQ:ROP) last released its earnings results 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. Roper Technologies had a return on equity of 11.36% and a net margin of 30.24%.The company had revenue of $2.11 billion for the quarter. During the same period last year, the company posted $4.87 earnings per share. The business’s revenue for the quarter 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 analysts anticipate that Roper Technologies, Inc. will post 22.22 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be paid 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 is Friday, October 2nd. Roper Technologies’s dividend payout ratio is presently 15.08%.

Roper Technologies 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.