State Board of Administration of Florida Retirement System Has $57.45 Million Stake in Roper Technologies, Inc. $ROP

State Board of Administration of Florida Retirement System increased its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 1.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 101,345 shares of the industrial products company’s stock after acquiring an additional 1,100 shares during the period. State Board of Administration of Florida Retirement System owned about 0.09% of Roper Technologies worth $57,446,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Endowment Wealth Management Inc. grew its holdings in shares of Roper Technologies by 3.4% during the first quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 18 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in Roper Technologies by 0.8% in the 2nd quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company’s stock valued at $1,329,000 after buying an additional 18 shares during the last quarter. Townsend Asset Management Corp NC ADV boosted its position in Roper Technologies by 0.8% during the 2nd quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company’s stock worth $1,448,000 after buying an additional 20 shares during the period. Sagespring Wealth Partners LLC grew its holdings in Roper Technologies by 2.9% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 718 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 20 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Roper Technologies by 1.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,668 shares of the industrial products company’s stock valued at $946,000 after acquiring an additional 21 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In related news, Director Amy Woods Brinkley acquired 1,200 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average price of $450.71 per share, for a total transaction of $540,852.00. Following the completion of the acquisition, the director owned 18,184 shares of the company’s stock, valued at approximately $8,195,710.64. This trade represents a 7.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laurence Neil Hunn sold 30,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $443.57, for a total transaction of $13,307,100.00. Following the transaction, the chief executive officer directly owned 87,311 shares in the company, valued at $38,728,540.27. This trade represents a 25.57% decrease in their position. The SEC filing for this sale provides additional information. 0.78% of the stock is owned by corporate insiders.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $446.23 on Friday. The business has a 50-day moving average price of $475.42 and a two-hundred day moving average price of $523.61. Roper Technologies, Inc. has a 1-year low of $435.42 and a 1-year high of $595.17. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. The company has a market cap of $48.03 billion, a P/E ratio of 30.75, a PEG ratio of 2.13 and a beta of 0.98.

Roper Technologies (NASDAQ:ROP) last announced its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate of $5.11 by $0.03. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. Roper Technologies had a return on equity of 10.92% and a net margin of 20.34%.The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.62 EPS. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. As a group, analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current 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 represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, January 2nd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.83. Roper Technologies’s dividend payout ratio is presently 25.09%.

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent research reports. Piper Sandler started coverage on shares of Roper Technologies in a report on Thursday, November 20th. They set an “overweight” rating and a $600.00 price target on the stock. Royal Bank Of Canada lowered Roper Technologies from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $644.00 to $539.00 in a research report on Monday, October 27th. Jefferies Financial Group cut 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 decreased their price target on Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Finally, Barclays lowered their price objective on Roper Technologies from $550.00 to $506.00 and set an “underweight” rating for the company in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $579.54.

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.