Handelsbanken Fonder AB Cuts Stake in Roper Technologies, Inc. $ROP

Handelsbanken Fonder AB lessened its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,527 shares of the industrial products company’s stock after selling 2,299 shares during the quarter. Handelsbanken Fonder AB’s holdings in Roper Technologies were worth $19,571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Roper Technologies by 1.7% in the second quarter. Vanguard Group Inc. now owns 10,896,899 shares of the industrial products company’s stock valued at $6,176,798,000 after buying an additional 179,646 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Roper Technologies by 9.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock valued at $3,515,984,000 after purchasing an additional 500,764 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of 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 valued at $3,049,155,000 after acquiring an additional 20,238 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Roper Technologies by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 2,574,503 shares of the industrial products company’s stock valued at $1,453,557,000 after purchasing an additional 27,386 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Roper Technologies during the first quarter worth about $894,764,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ROP shares. Mizuho cut their target price on Roper Technologies from $600.00 to $510.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. TD Cowen lowered their target price on Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a report on Friday, October 24th. Citigroup initiated coverage on Roper Technologies in a research note on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Roper Technologies in a research report on Friday, October 31st. Finally, Robert W. Baird set a $592.00 price target on Roper Technologies in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $579.54.

Roper Technologies Price Performance

Shares of NASDAQ ROP opened at $443.75 on Friday. The company has a market cap of $47.76 billion, a PE ratio of 30.58, a P/E/G ratio of 2.13 and a beta of 0.98. The stock has a fifty day moving average price of $481.55 and a 200 day moving average price of $527.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.58 and a quick ratio of 0.53. Roper Technologies, Inc. has a 1-year low of $435.42 and a 1-year high of $595.17.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.11 by $0.03. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.62 earnings per share. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. Sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Increases Dividend

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

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Amy Woods Brinkley purchased 1,200 shares of the stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average cost of $450.71 per share, for a total transaction of $540,852.00. Following the completion of the transaction, the director directly owned 18,184 shares of the company’s stock, valued at $8,195,710.64. This trade represents a 7.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Laurence Neil Hunn sold 30,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $443.57, for a total value of $13,307,100.00. Following the transaction, the chief executive officer directly owned 87,311 shares of the company’s stock, valued at $38,728,540.27. The trade was a 25.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.78% of the company’s stock.

Roper Technologies Profile

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.