Strs Ohio Invests $87.77 Million in Roper Technologies, Inc. $ROP

Strs Ohio bought a new position in Roper Technologies, Inc. (NYSE:ROP) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 148,867 shares of the industrial products company’s stock, valued at approximately $87,769,000. Strs Ohio owned 0.14% of Roper Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Saudi Central Bank purchased a new position in Roper Technologies in the first quarter valued at about $25,000. Banque Transatlantique SA purchased a new position in Roper Technologies in the first quarter valued at about $25,000. MorganRosel Wealth Management LLC purchased a new position in Roper Technologies in the first quarter valued at about $27,000. Putney Financial Group LLC bought a new position in Roper Technologies during the 4th quarter worth approximately $31,000. Finally, Olde Wealth Management LLC bought a new position in Roper Technologies during the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ROP. Mizuho set a $600.00 target price on Roper Technologies in a report on Friday, May 16th. Royal Bank Of Canada increased their target price on Roper Technologies from $695.00 to $703.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Citigroup initiated coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price target on the stock. Truist Financial increased their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Finally, Robert W. Baird increased their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $636.36.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $513.23 on Thursday. The stock has a fifty day moving average price of $540.46 and a two-hundred day moving average price of $558.68. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The firm has a market cap of $55.23 billion, a P/E ratio of 35.79, a PEG ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.48 earnings per share. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.19%.

Insider Buying and Selling at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares of the company’s stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard F. Wallman sold 352 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares of the company’s stock, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

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.