SCS Capital Management LLC Takes $1.14 Million Position in Roper Technologies, Inc. $ROP

Key Points

• SCS Capital Management LLC acquired a new position in Roper Technologies, Inc., buying 1,938 shares valued at approximately $1.14 million during the first quarter.
• Roper Technologies reported $4.87 earnings per share for the last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 13.2%.
• The company declared a quarterly dividend of $0.825 per share, which equates to an annualized dividend of $3.30 and a dividend yield of 0.6%.

SCS Capital Management LLC acquired a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,938 shares of the industrial products company's stock, valued at approximately $1,142,000.

Other hedge funds also recently bought and sold shares of the company. CWA Asset Management Group LLC grew its position in Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock valued at $453,000 after acquiring an additional 61 shares during the last quarter. Freedom Day Solutions LLC bought a new position in Roper Technologies in the 1st quarter valued at $1,808,000. Tandem Investment Advisors Inc. grew its position in Roper Technologies by 49.9% in the 1st quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock valued at $57,914,000 after acquiring an additional 32,694 shares during the last quarter. GAMMA Investing LLC grew its position in Roper Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock valued at $1,115,000 after acquiring an additional 819 shares during the last quarter. Finally, Legacy Advisors LLC bought a new position in Roper Technologies in the 1st quarter valued at $264,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Down 1.2%

Shares of NYSE ROP opened at $513.23 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a market capitalization of $55.23 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The business has a fifty day moving average price of $540.46 and a 200 day moving average price of $558.68.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data 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 return on equity of 10.79% and a net margin of 22.01%.The firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous 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. Equities research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

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

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 stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ROP shares. Citigroup started coverage on Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective on the stock. Robert W. Baird increased their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada increased their price target on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price target on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Truist Financial increased their price target on 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 assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $636.36.

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.

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