Magnetar Financial LLC Increases Stake in Roper Technologies, Inc. $ROP

Key Points

• Magnetar Financial LLC increased its stake in Roper Technologies by 24.6%, acquiring an additional 2,848 shares, resulting in a total holding of 14,429 shares valued at $8.5 million.
• Roper Technologies reported an earnings per share (EPS) of $4.87, exceeding the consensus estimate by $0.04, with a net margin of 22.01% for the last quarter.
• The company recently declared a quarterly dividend of $0.825, translating to an annualized yield of 0.6%, with the ex-dividend date set for October 3rd.

Magnetar Financial LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 24.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,429 shares of the industrial products company's stock after purchasing an additional 2,848 shares during the period. Magnetar Financial LLC's holdings in Roper Technologies were worth $8,507,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new position in shares of Roper Technologies during the first quarter valued at approximately $27,000. Olde Wealth Management LLC purchased a new stake in Roper Technologies during the first quarter valued at approximately $31,000. Wayfinding Financial LLC purchased a new stake in Roper Technologies during the first quarter valued at approximately $31,000. Alpine Bank Wealth Management purchased a new stake in Roper Technologies during the first quarter valued at approximately $34,000. Finally, Putney Financial Group LLC purchased a new stake in Roper Technologies during the fourth quarter valued at approximately $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 352 shares of the company's 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 completion of the transaction, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank Of Canada upped their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. upped 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. Citigroup initiated coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price target for the company. Mizuho set a $600.00 price target on shares of Roper Technologies in a research report on Friday, May 16th. Finally, Truist Financial upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $636.36.

Roper Technologies Price Performance

Shares of NYSE:ROP traded down $0.36 during midday trading on Wednesday, reaching $518.64. 255,895 shares of the company were exchanged, compared to its average volume of 630,558. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The business's fifty day moving average is $545.97 and its two-hundred day moving average is $560.84. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The stock has a market cap of $55.81 billion, a PE ratio of 36.15, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping 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%. During the same quarter last year, the business earned $4.48 earnings per share. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. 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, 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 dividend of $0.825 per share. The ex-dividend date 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 currently 23.19%.

About Roper Technologies

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.