Insider Selling: Roper Technologies, Inc. (NYSE:ROP) CFO Sells 3,500 Shares of Stock

Roper Technologies, Inc. (NYSE:ROP) CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Roper Technologies Stock Performance

ROP opened at $557.54 on Thursday. Roper Technologies, Inc. has a 52-week low of $464.82 and a 52-week high of $568.68. The firm has a market capitalization of $59.68 billion, a PE ratio of 40.46, a PEG ratio of 2.95 and a beta of 1.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The business’s 50-day simple moving average is $538.17 and its 200 day simple moving average is $542.20.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the company posted $3.90 earnings per share. Roper Technologies’s revenue was up 14.4% on a year-over-year basis. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 18.17 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be paid a $0.75 dividend. The ex-dividend date is Monday, July 8th. This represents a $3.00 annualized dividend and a yield of 0.54%. Roper Technologies’s dividend payout ratio is 21.77%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank of Canada decreased their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Oppenheimer reissued an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a research note on Monday, April 29th. Mizuho boosted their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Finally, Barclays boosted their price target on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $584.82.

Institutional Trading of Roper Technologies

Several institutional investors and hedge funds have recently bought and sold shares of ROP. LPL Financial LLC raised its stake in Roper Technologies by 36.9% in the third quarter. LPL Financial LLC now owns 42,696 shares of the industrial products company’s stock valued at $20,677,000 after buying an additional 11,501 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Roper Technologies in the third quarter valued at approximately $1,130,000. Operose Advisors LLC bought a new stake in Roper Technologies in the third quarter valued at approximately $198,000. O Shaughnessy Asset Management LLC raised its stake in Roper Technologies by 60.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 5,795 shares of the industrial products company’s stock valued at $2,806,000 after buying an additional 2,194 shares during the period. Finally, Mutual Advisors LLC bought a new stake in Roper Technologies in the third quarter valued at approximately $251,000. Institutional investors own 93.31% of the company’s stock.

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.