St. James Investment Company LLC Acquires Shares of 11,226 Roper Technologies, Inc. $ROP

St. James Investment Company LLC acquired a new stake in Roper Technologies, Inc. (NASDAQ:ROP) during the second quarter, Holdings Channel.com reports. The fund acquired 11,226 shares of the industrial products company’s stock, valued at approximately $6,363,000. Roper Technologies makes up approximately 1.0% of St. James Investment Company LLC’s holdings, making the stock its 25th biggest position.

A number of other large investors have also recently made changes to their positions in ROP. Nuveen LLC bought a new position in shares of Roper Technologies in the first quarter valued at $894,764,000. Wellington Management Group LLP lifted its stake in shares of Roper Technologies by 92.3% in the first quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company’s stock valued at $826,030,000 after buying an additional 672,306 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 buying an additional 500,764 shares in the last quarter. Swedbank AB lifted its position in shares of Roper Technologies by 201.6% during the second quarter. Swedbank AB now owns 675,513 shares of the industrial products company’s stock valued at $382,908,000 after purchasing an additional 451,549 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Roper Technologies by 65.0% during the first quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company’s stock valued at $377,407,000 after purchasing an additional 252,056 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $541.00 price target (down from $577.00) on shares of Roper Technologies in a research report on Wednesday, October 15th. Mizuho dropped their price target on shares of Roper Technologies from $600.00 to $510.00 and set a “neutral” rating on the stock in a research report on Friday. Truist Financial raised their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada raised their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Finally, Citigroup assumed coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $623.82.

Roper Technologies Price Performance

ROP opened at $514.52 on Wednesday. The company has a market capitalization of $55.37 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 2.37 and a beta of 1.00. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $514.79 and a 200-day moving average price of $543.97. Roper Technologies, Inc. has a twelve month low of $492.25 and a twelve month high of $595.17.

Roper Technologies (NASDAQ:ROP) last posted its earnings results on Thursday, January 30th. The industrial products company reported $4.81 earnings per share for the quarter. The firm had revenue of $1.88 billion during the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. Equities analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

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

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.