MGO One Seven LLC Has $2.34 Million Holdings in Roper Technologies, Inc. $ROP

Key Points

• MGO One Seven LLC significantly increased its holdings in Roper Technologies, Inc. by 247.1% during Q2, now owning 4,123 shares valued at approximately $2.34 million.
• The company's recent quarterly dividend of $0.825 per share represents a yield of 0.6%, with a payout ratio of 23.19%.
• Several analysts have raised their price targets for Roper Technologies, with a consensus target price of $635.27 and an average rating of "Moderate Buy".

MGO One Seven LLC boosted its position in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 247.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,123 shares of the industrial products company's stock after buying an additional 2,935 shares during the period. MGO One Seven LLC's holdings in Roper Technologies were worth $2,337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ROP. Endowment Wealth Management Inc. grew its position in shares of Roper Technologies by 3.4% during the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock worth $327,000 after buying an additional 18 shares during the period. Fiduciary Alliance LLC raised its holdings in shares of Roper Technologies by 0.8% during the second quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company's stock valued at $1,329,000 after purchasing an additional 18 shares during the period. Winch Advisory Services LLC raised its holdings in shares of Roper Technologies by 2.2% during the first quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company's stock valued at $557,000 after purchasing an additional 20 shares during the period. Townsend Asset Management Corp NC ADV raised its holdings in shares of Roper Technologies by 0.8% during the second quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company's stock valued at $1,448,000 after purchasing an additional 20 shares during the period. Finally, Convergence Financial LLC raised its holdings in shares of Roper Technologies by 3.3% during the first quarter. Convergence Financial LLC now owns 689 shares of the industrial products company's stock valued at $406,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Trading Up 0.2%

Shares of ROP stock opened at $513.82 on Wednesday. Roper Technologies, Inc. has a 52-week low of $492.25 and a 52-week high of $595.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.43 and a current ratio of 0.46. The company has a 50-day simple moving average of $517.49 and a two-hundred day simple moving average of $546.52. The company 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 (NASDAQ:ROP - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 earnings per share (EPS) for the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. The business had revenue of $1.88 billion during the quarter. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. Research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on ROP. Royal Bank Of Canada upped their price objective 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. Truist Financial upped their price objective 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. Robert W. Baird upped their price objective 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. Citigroup started 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 for the company. Finally, Barclays decreased their target price on shares of Roper Technologies from $562.00 to $550.00 and set an "underweight" rating for the company in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $635.27.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the transaction, the vice president 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 disclosure for this sale can be found here. 0.87% 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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