Middleton & Co. Inc. MA Cuts Stake in Roper Technologies, Inc. $ROP

Middleton & Co. Inc. MA decreased its position in Roper Technologies, Inc. (NASDAQ:ROP) by 11.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,718 shares of the industrial products company’s stock after selling 880 shares during the period. Middleton & Co. Inc. MA’s holdings in Roper Technologies were worth $3,808,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company’s stock worth $6,318,678,000 after buying an additional 142,150 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Roper Technologies by 9.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock worth $3,515,984,000 after purchasing an additional 500,764 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Roper Technologies by 0.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company’s stock worth $3,049,155,000 after purchasing an additional 20,238 shares during the period. Nuveen LLC purchased a new position in shares of Roper Technologies in the 1st quarter valued at about $894,764,000. Finally, 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 purchasing an additional 672,306 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of a number of research reports. 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 report on Friday, October 24th. Citigroup began coverage on Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 target price on the stock. TD Cowen dropped their price target on Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Mizuho decreased their price objective 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, October 17th. Finally, Truist Financial set a $650.00 target price on shares of Roper Technologies in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $577.83.

Roper Technologies Trading Down 0.3%

Shares of ROP opened at $444.48 on Friday. The company has a market capitalization of $47.84 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. 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, Inc. has a fifty-two week low of $435.42 and a fifty-two week high of $595.17. The stock has a fifty day moving average of $497.90 and a two-hundred day moving average of $536.47.

Roper Technologies (NASDAQ:ROP) last released its earnings results on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $5.11 by $0.03. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $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 forecast 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 issued a $0.91 dividend. The ex-dividend date is Friday, January 2nd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. Roper Technologies’s payout ratio is presently 22.74%.

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.