Summit Global Investments Raises Position in Roper Technologies, Inc. $ROP

Summit Global Investments raised its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 165.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,402 shares of the industrial products company’s stock after acquiring an additional 1,498 shares during the quarter. Summit Global Investments’ holdings in Roper Technologies were worth $850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Roper Technologies in the 4th quarter valued at approximately $1,112,873,000. Vanguard Group Inc. boosted its position in shares of Roper Technologies by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock valued at $5,553,932,000 after purchasing an additional 1,384,656 shares in the last quarter. OpenArc Corporate Advisory LLC purchased a new stake in Roper Technologies in the fourth quarter worth $367,567,000. AQR Capital Management LLC raised its holdings in Roper Technologies by 194.6% in the fourth quarter. AQR Capital Management LLC now owns 772,347 shares of the industrial products company’s stock worth $343,795,000 after purchasing an additional 510,138 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in Roper Technologies by 131.6% in the third quarter. Qube Research & Technologies Ltd now owns 750,800 shares of the industrial products company’s stock worth $374,416,000 after purchasing an additional 426,648 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 3.3%

Shares of NASDAQ ROP opened at $350.69 on Wednesday. The firm’s 50 day moving average price is $338.21 and its 200-day moving average price is $355.68. Roper Technologies, Inc. has a 52-week low of $305.96 and a 52-week high of $566.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.49 and a current ratio of 0.53. The company has a market cap of $35.39 billion, a PE ratio of 21.90, a P/E/G ratio of 1.65 and a beta of 0.76.

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, topping 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%. Roper Technologies’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.78 earnings per share. 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. On average, equities research analysts expect that Roper Technologies, Inc. will post 21.95 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 8th. Roper Technologies’s dividend payout ratio is presently 22.74%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ROP shares. Mizuho set a $355.00 target price on shares of Roper Technologies in a report on Tuesday. Barclays decreased their price target on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research note on Friday, April 24th. Piper Sandler boosted their price objective on shares of Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Roper Technologies in a report on Monday, June 8th. Finally, Robert W. Baird raised their target price on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Roper Technologies has an average rating of “Hold” and a consensus target price of $466.50.

Roper Technologies 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.