Prudential PLC Has $7.74 Million Stake in Roper Technologies, Inc. $ROP

Prudential PLC lowered its stake in Roper Technologies, Inc. (NASDAQ:ROP) by 1.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,655 shares of the industrial products company’s stock after selling 181 shares during the period. Prudential PLC’s holdings in Roper Technologies were worth $7,740,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ROP. Dynamic Technology Lab Private Ltd acquired a new stake in Roper Technologies in the 2nd quarter worth approximately $527,000. Ensign Peak Advisors Inc grew its holdings in Roper Technologies by 10.0% during the second quarter. Ensign Peak Advisors Inc now owns 151,691 shares of the industrial products company’s stock valued at $85,985,000 after purchasing an additional 13,771 shares during the last quarter. Empirical Finance LLC raised its position in shares of Roper Technologies by 0.7% in the second quarter. Empirical Finance LLC now owns 3,720 shares of the industrial products company’s stock valued at $2,109,000 after purchasing an additional 27 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Roper Technologies by 1.8% in the second quarter. TD Waterhouse Canada Inc. now owns 7,322 shares of the industrial products company’s stock worth $4,187,000 after buying an additional 128 shares during the last quarter. Finally, Anfield Capital Management LLC boosted its holdings in shares of Roper Technologies by 1,720.0% during the 2nd quarter. Anfield Capital Management LLC now owns 182 shares of the industrial products company’s stock worth $103,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ROP. Citigroup began coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 target price for the company. Robert W. Baird set a $592.00 price objective on Roper Technologies in a research report on Friday, October 24th. Jefferies Financial Group lowered their target price on Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. TD Cowen cut their price target on Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a report on Friday, October 24th. Finally, Oppenheimer reissued an “outperform” rating and issued a $570.00 price objective 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, nine have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $579.54.

Insider Buying and Selling at Roper Technologies

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

Roper Technologies Trading Down 0.9%

Shares of ROP stock opened at $440.86 on Friday. The firm has a fifty day moving average of $482.93 and a 200-day moving average of $528.94. The stock has a market cap of $47.45 billion, a price-to-earnings ratio of 30.38, a P/E/G ratio of 2.13 and a beta of 0.98. Roper Technologies, Inc. has a 52-week low of $435.42 and a 52-week high of $595.17. 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 (NASDAQ:ROP) last posted its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.11 by $0.03. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the firm posted $4.62 earnings per share. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. On average, equities research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

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