Assetmark Inc. Has $6.33 Million Holdings in Roper Technologies, Inc. $ROP

Assetmark Inc. raised its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 12.5% in the second quarter, Holdings Channel reports. The institutional investor owned 11,158 shares of the industrial products company’s stock after buying an additional 1,242 shares during the quarter. Assetmark Inc.’s holdings in Roper Technologies were worth $6,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company’s stock valued at $6,318,678,000 after purchasing an additional 142,150 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Roper Technologies by 9.2% during 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. increased its position 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 purchasing an additional 20,238 shares during the period. Nuveen LLC bought a new stake in shares of Roper Technologies during the first quarter valued at approximately $894,764,000. Finally, Wellington Management Group LLP increased its position in shares of Roper Technologies by 92.3% during 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 purchasing an additional 672,306 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Performance

Shares of NASDAQ:ROP opened at $446.15 on Monday. The business’s fifty day moving average price is $504.33 and its two-hundred day moving average price is $539.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.58 and a quick ratio of 0.53. The stock has a market capitalization of $48.01 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 2.13 and a beta of 1.00. Roper Technologies, Inc. has a fifty-two week low of $435.42 and a fifty-two week high of $595.17.

Roper Technologies (NASDAQ:ROP) last announced its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate of $5.11 by $0.03. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Roper Technologies had a return on equity of 10.92% and a net margin of 20.34%.The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. As a group, analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, October 3rd. Roper Technologies’s dividend payout ratio is presently 22.74%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Royal Bank Of Canada cut Roper Technologies from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $644.00 to $539.00 in a research report on Monday, October 27th. Mizuho lowered their price objective on Roper Technologies from $600.00 to $510.00 and set a “neutral” rating on the stock in a research report on Friday, October 17th. Raymond James Financial lowered their price target on Roper Technologies from $670.00 to $575.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 24th. Barclays lowered their price target on Roper Technologies from $550.00 to $506.00 and set an “underweight” rating on the stock in a research report on Monday, October 27th. Finally, Truist Financial set a $650.00 price target on Roper Technologies in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $577.83.

Roper Technologies Company 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.