Canoe Financial LP Reduces Stake in Roper Technologies, Inc. $ROP

Canoe Financial LP reduced its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 97.0% during the 1st quarter, HoldingsChannel reports. The fund owned 9,717 shares of the industrial products company’s stock after selling 318,303 shares during the period. Canoe Financial LP’s holdings in Roper Technologies were worth $3,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Patton Fund Management Inc. increased its position in shares of Roper Technologies by 12.2% during the 1st quarter. Patton Fund Management Inc. now owns 588 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 64 shares during the last quarter. Red Door Wealth Management LLC lifted its position in Roper Technologies by 1.5% in the first quarter. Red Door Wealth Management LLC now owns 8,303 shares of the industrial products company’s stock worth $2,938,000 after buying an additional 123 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Roper Technologies by 21.0% during the first quarter. Janney Montgomery Scott LLC now owns 27,723 shares of the industrial products company’s stock worth $9,810,000 after buying an additional 4,816 shares during the period. Boomfish Wealth Group LLC increased its position in Roper Technologies by 6.4% during the first quarter. Boomfish Wealth Group LLC now owns 3,267 shares of the industrial products company’s stock valued at $1,156,000 after acquiring an additional 197 shares during the last quarter. Finally, Value Partners Investments Inc. increased its position in Roper Technologies by 5.1% during the first quarter. Value Partners Investments Inc. now owns 1,472 shares of the industrial products company’s stock valued at $520,000 after acquiring an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

ROP has been the subject of several analyst reports. Zacks Research lowered shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday. Piper Sandler increased their price objective on shares of Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Royal Bank Of Canada boosted their target price on Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Robert W. Baird upped their target price on Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Barclays reduced their price target on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $472.07.

Roper Technologies Stock Performance

NASDAQ ROP opened at $338.31 on Monday. The stock has a market cap of $34.14 billion, a PE ratio of 21.13, a PEG ratio of 1.54 and a beta of 0.77. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $575.77. The company’s 50-day moving average price is $337.29 and its 200-day moving average price is $366.66. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.52.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.19. The company had revenue of $2.10 billion during the quarter. Roper Technologies had a net margin of 21.12% and a return on equity of 11.16%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.78 EPS. Roper Technologies has set its Q2 2026 guidance at 5.250-5.30 EPS and its FY 2026 guidance at 21.800-22.050 EPS. Equities research analysts forecast that Roper Technologies, Inc. will post 21.95 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. Roper Technologies’s payout ratio is presently 22.74%.

Roper Technologies Company Profile

Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.

Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.