Roper Technologies, Inc. (ROP)

In April 2025, Roper announced a 12% increase in first-quarter sales, driven by M&A activities, and raised its full-year outlook. In July 2025, second-quarter sales increased by 13%, with a 6% organic sales growth, and the company acquired Subsplash for $800 million, while also raising its full-year guidance. In August 2025, Roper priced a public offering of $2 billion in senior unsecured notes and announced a dividend. In September 2025, Roper's shares declined due to valuation concerns and AI apprehension, but strong demand in Network Software led to an improved revenue outlook, and the company received a Zacks Rank #2 (Buy) rating upgrade. In October 2025, Barclays reduced its price target for ROP, PGGM Investments increased its holdings, and the company announced its Q3 financial results release date, with the stock price declining by 9.68% over the past year.

Roper Technologies' business model, with a majority of revenue from recurring sources, provides stability in demand. The company operates with a negative working capital model and has highly recurring demand, mitigating seasonality concerns for a large portion of its business. However, specific acquisitions can introduce some seasonality, as seen with the Transact acquisition impacting margin declines in Q4 2024. The demand for its enterprise software solutions has shown improvement.

Roper Technologies is a diversified technology company specializing in vertical software and technology-enabled products for niche markets. It operates as a holding company, acquiring and managing market-leading technology businesses, primarily in Technology Services, including Business/Productivity Software, IT Consulting and Outsourcing, Automation/Workflow Software, and Vertical Market Software. Roper's operations are divided into three segments: Application Software, which offers management, diagnostic, and enterprise software solutions; Network Software, providing cloud-based data, collaboration, and healthcare software; and Technology Enabled Products, which includes medical devices and precision measurement systems.

Roper Technologies has a global presence with operations in the United States, Canada, Europe, Asia, and other regions. The company is headquartered in Sarasota, Florida, U.S.

Roper Technologies is known for its effective management, strategic focus, and consistent operational performance. The company is recognized for its innovative products and services, positioning it as a market leader. While cybersecurity and data privacy pose potential risks, no major incidents have significantly harmed its brand in the past year. Roper's sustainability initiatives also positively contribute to its brand image.

Roper Technologies' ownership is primarily institutional, with approximately 92.49% of the stock held by institutional shareholders, 3.14% by insiders, and 4.37% by retail investors. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., T. Rowe Price Investment Management, Inc., and State Street Corp. The largest individual shareholder is Brian D. Jellison, owning 1.40 million shares, representing 1.30% of the company.