Insider Selling: Roper Technologies, Inc. (NYSE:ROP) Director Sells 1,000 Shares of Stock

Roper Technologies, Inc. (NYSE:ROP) Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Roper Technologies Price Performance

ROP stock opened at $547.23 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The firm has a market capitalization of $58.67 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 2.83 and a beta of 1.02. The firm has a 50 day moving average price of $551.11 and a 200-day moving average price of $545.65. Roper Technologies, Inc. has a 52-week low of $483.56 and a 52-week high of $579.10.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the company posted $4.32 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts forecast that Roper Technologies, Inc. will post 18.23 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were issued a $0.75 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.95%.

Analysts Set New Price Targets

ROP has been the subject of a number of research analyst reports. Jefferies Financial Group raised their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Mizuho raised their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Truist Financial reiterated a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $620.80.

Institutional Investors Weigh In On Roper Technologies

Institutional investors have recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in Roper Technologies in the 1st quarter valued at approximately $25,000. Fairscale Capital LLC bought a new position in shares of Roper Technologies during the second quarter valued at $28,000. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies during the third quarter valued at $28,000. Versant Capital Management Inc increased its holdings in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after buying an additional 20 shares in the last quarter. Finally, Valley Wealth Managers Inc. bought a new position in Roper Technologies during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

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.