Janney Montgomery Scott LLC Has $14.78 Million Position in Roper Technologies, Inc. $ROP

Key Points

• Janney Montgomery Scott LLC increased its stake in Roper Technologies by 4.3%, now owning approximately $14.78 million worth of shares.
• Roper Technologies reported $4.87 earnings per share for the last quarter, surpassing estimates and showing a 13.2% revenue growth year-over-year.
• The company recently declared a quarterly dividend of $0.825, representing a 0.7% yield, with an ex-dividend date of October 3rd.

Janney Montgomery Scott LLC grew its stake in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,077 shares of the industrial products company's stock after purchasing an additional 1,067 shares during the period. Janney Montgomery Scott LLC's holdings in Roper Technologies were worth $14,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ROP. Nuveen LLC acquired a new stake in shares of Roper Technologies in the 1st quarter valued at approximately $894,764,000. Wellington Management Group LLP boosted its stake in shares of Roper Technologies by 92.3% in the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock valued at $826,030,000 after purchasing an additional 672,306 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Roper Technologies by 9.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company's stock valued at $3,515,984,000 after purchasing an additional 500,764 shares in the last quarter. Swedbank AB boosted its stake in shares of Roper Technologies by 201.6% in the 2nd quarter. Swedbank AB now owns 675,513 shares of the industrial products company's stock valued at $382,908,000 after purchasing an additional 451,549 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Roper Technologies by 65.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company's stock valued at $377,407,000 after purchasing an additional 252,056 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

NASDAQ ROP opened at $497.59 on Friday. The company has a fifty day simple moving average of $523.96 and a 200 day simple moving average of $550.51. Roper Technologies, Inc. has a 12-month low of $492.25 and a 12-month high of $595.17. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The company has a market cap of $53.55 billion, a P/E ratio of 34.97, a PEG ratio of 2.34 and a beta of 1.00.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. During the same period in the prior year, the company posted $4.48 earnings per share. The company's revenue was up 13.2% on a year-over-year basis. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Sell-side analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.7%. Roper Technologies's dividend payout ratio (DPR) is presently 23.19%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Citigroup assumed coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price on the stock. Truist Financial lifted their target price on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Barclays cut 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 report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $635.27.

Insiders Place Their Bets

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of Roper Technologies 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 directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies 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 transaction, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This 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 owned by insiders.

Roper Technologies Company 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.

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