Smith Salley Wealth Management Increases Position in Roper Technologies, Inc. $ROP

Key Points

• Smith Salley Wealth Management has increased its stake in Roper Technologies, Inc. by 2.3% during the second quarter, now holding 35,885 shares valued at approximately $20.34 million.
• Roper Technologies reported a 13.2% increase in quarterly revenue year-over-year, with earnings per share (EPS) of $4.87, surpassing estimates.
• The company declared a quarterly dividend of $0.825 per share, scheduled for payment on October 17th, indicating a 0.7% dividend yield.

Smith Salley Wealth Management lifted its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,885 shares of the industrial products company's stock after acquiring an additional 797 shares during the quarter. Roper Technologies accounts for about 1.2% of Smith Salley Wealth Management's portfolio, making the stock its 26th largest position. Smith Salley Wealth Management's holdings in Roper Technologies were worth $20,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in Roper Technologies during the first quarter worth approximately $894,764,000. Wellington Management Group LLP grew its stake in shares of Roper Technologies by 92.3% in the first quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock valued at $826,030,000 after acquiring an additional 672,306 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in 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 buying an additional 500,764 shares during the last quarter. Swedbank AB grew its position in 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 during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Roper Technologies by 65.0% during the first quarter. Goldman Sachs Group Inc. now owns 640,127 shares of the industrial products company's stock valued at $377,407,000 after buying an additional 252,056 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 0.9%

Shares of ROP opened at $499.31 on Friday. Roper Technologies, Inc. has a 1 year low of $492.25 and a 1 year 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 stock has a market cap of $53.73 billion, a PE ratio of 35.09, a PEG ratio of 2.34 and a beta of 1.03. The stock has a 50 day simple moving average of $528.72 and a 200-day simple moving average of $552.34.

Roper Technologies (NASDAQ:ROP - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 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%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.7%. Roper Technologies's dividend payout ratio (DPR) is presently 23.19%.

Insider Activity

In other news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was 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 directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the 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 completion of the transaction, the director owned 20,510 shares of the company's stock, 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. Corporate insiders own 0.78% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ROP. Royal Bank Of Canada upped their price objective on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Robert W. Baird lifted their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Citigroup began coverage on shares of Roper Technologies in a research report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 target price on the stock. Truist Financial boosted their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. One 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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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