Jacobs Levy Equity Management Inc. Purchases Shares of 57,648 Roper Technologies, Inc. $ROP

Key Points

• Jacobs Levy Equity Management Inc. acquired 57,648 shares of Roper Technologies, Inc. for approximately $33.99 million, representing a 0.05% ownership in the company.
• Roper Technologies achieved an EPS of $4.87 in its latest earnings report, exceeding analysts' expectations, with a revenue increase of 13.2% compared to the previous year.
• The company announced a quarterly dividend of $0.825 per share, which will be paid on October 17th, reflecting an annualized payout of $3.30 with a yield of 0.6%.

Jacobs Levy Equity Management Inc. purchased a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 57,648 shares of the industrial products company's stock, valued at approximately $33,988,000. Jacobs Levy Equity Management Inc. owned 0.05% of Roper Technologies at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Saudi Central Bank bought a new stake in shares of Roper Technologies in the 1st quarter worth approximately $25,000. MorganRosel Wealth Management LLC bought a new stake in shares of Roper Technologies in the 1st quarter worth approximately $27,000. Banque Transatlantique SA bought a new stake in shares of Roper Technologies in the 1st quarter worth approximately $25,000. Olde Wealth Management LLC bought a new stake in shares of Roper Technologies in the 1st quarter worth approximately $31,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Roper Technologies in the 1st quarter worth approximately $31,000. Institutional investors own 93.31% of the company's stock.

Insider Buying and Selling at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares of the company's stock, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ROP shares. Royal Bank Of Canada lifted their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Robert W. Baird boosted their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Truist Financial boosted their target price on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Finally, Citigroup started coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $636.36.

Roper Technologies Price Performance

Shares of ROP traded up $4.15 during mid-day trading on Thursday, reaching $517.38. 195,256 shares of the stock traded hands, compared to its average volume of 637,476. The firm has a fifty day moving average price of $540.46 and a 200 day moving average price of $558.68. The company has a market cap of $55.68 billion, a price-to-earnings ratio of 36.07, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. Roper Technologies's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $4.48 earnings per share. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. As a group, equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.825 dividend. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.6%. Roper Technologies's payout ratio is 23.19%.

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.