MGO One Seven LLC Grows Stake in Roper Technologies, Inc. $ROP

MGO One Seven LLC lifted its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 247.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,123 shares of the industrial products company’s stock after acquiring an additional 2,935 shares during the quarter. MGO One Seven LLC’s holdings in Roper Technologies were worth $2,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Saudi Central Bank purchased a new stake in shares of Roper Technologies during the 1st quarter valued at approximately $25,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Roper Technologies during the 1st quarter valued at approximately $27,000. Banque Transatlantique SA purchased a new stake in shares of Roper Technologies during the 1st quarter valued at approximately $25,000. Olde Wealth Management LLC purchased a new stake in shares of Roper Technologies during the 1st quarter valued at approximately $31,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Roper Technologies during the 1st quarter valued at approximately $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Shares of NASDAQ:ROP opened at $513.82 on Wednesday. The company’s fifty day moving average price is $517.49 and its 200-day moving average price is $546.52. The firm has a market capitalization of $55.29 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.40 and a beta of 1.00. Roper Technologies, Inc. has a one year low of $492.25 and a one year high of $595.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $4.81 EPS for the quarter. The firm had revenue of $1.88 billion for the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. Roper Technologies’s dividend payout ratio is presently 23.19%.

Insider Buying and Selling at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president owned 38,932 shares of the company’s stock, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, the director directly owned 20,510 shares in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Barclays lowered their target price on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Truist Financial increased their target price on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Roper Technologies in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $635.27.

Roper Technologies 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.