Mackenzie Financial Corp Lowers Holdings in Roper Technologies, Inc. $ROP

Mackenzie Financial Corp lessened its stake in Roper Technologies, Inc. (NASDAQ:ROP) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,102,032 shares of the industrial products company’s stock after selling 56,198 shares during the quarter. Roper Technologies accounts for about 0.8% of Mackenzie Financial Corp’s portfolio, making the stock its 29th largest holding. Mackenzie Financial Corp owned about 1.02% of Roper Technologies worth $624,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Roper Technologies by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 10,896,899 shares of the industrial products company’s stock worth $6,176,798,000 after purchasing an additional 179,646 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 buying an additional 500,764 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Roper Technologies by 0.4% in 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 buying an additional 20,238 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Roper Technologies by 1.1% in the second quarter. Geode Capital Management LLC now owns 2,574,503 shares of the industrial products company’s stock worth $1,453,557,000 after acquiring an additional 27,386 shares during the period. Finally, Norges Bank purchased a new stake in shares of Roper Technologies during the 2nd quarter worth about $1,064,718,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROP has been the subject of several recent analyst reports. Robert W. Baird set a $592.00 price target on Roper Technologies in a research note on Friday, October 24th. Oppenheimer reissued an “outperform” rating and issued a $570.00 price target on shares of Roper Technologies in a research note on Thursday, October 23rd. Truist Financial set a $650.00 price objective on shares of Roper Technologies in a research report on Friday, October 24th. Piper Sandler assumed coverage on shares of Roper Technologies in a research report on Thursday, November 20th. They issued an “overweight” rating and a $600.00 target price on the stock. Finally, Citigroup assumed coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $579.54.

Insiders Place Their Bets

In other Roper Technologies news, CEO Laurence Neil Hunn purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of $452.23 per share, with a total value of $4,522,300.00. Following the acquisition, the chief executive officer directly owned 97,311 shares of the company’s stock, valued at approximately $44,006,953.53. This represents a 11.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy Woods Brinkley purchased 1,200 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average cost of $450.71 per share, with a total value of $540,852.00. Following the completion of the acquisition, the director directly owned 18,184 shares of the company’s stock, valued at $8,195,710.64. This represents a 7.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.78% of the stock is owned by company insiders.

Roper Technologies Price Performance

ROP stock opened at $446.23 on Friday. Roper Technologies, Inc. has a 1 year low of $435.42 and a 1 year high of $595.17. The firm has a market capitalization of $48.03 billion, a P/E ratio of 30.75, a P/E/G ratio of 2.13 and a beta of 0.98. 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 business’s 50-day moving average is $475.42 and its two-hundred day moving average is $523.61.

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 analysts’ consensus estimates of $5.11 by $0.03. Roper Technologies had a net margin of 20.34% and a return on equity of 10.92%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the firm earned $4.62 earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. Analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm 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. This represents a $3.64 annualized dividend and a yield of 0.8%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, January 2nd. Roper Technologies’s dividend payout ratio is currently 25.09%.

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.