Roper Technologies Inc (NYSE:ROP) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 2,450,000 shares, an increase of 11.9% from the December 15th total of 2,190,000 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 523,200 shares, the days-to-cover ratio is presently 4.7 days.
Roper Technologies stock traded down $0.58 during midday trading on Thursday, reaching $372.95. 103,448 shares of the company traded hands, compared to its average volume of 379,940. The firm has a market capitalization of $38.77 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 2.50 and a beta of 1.12. The business has a 50 day moving average of $356.77 and a two-hundred day moving average of $356.02. Roper Technologies has a 12 month low of $270.25 and a 12 month high of $385.51. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.94.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Thursday, October 24th. The industrial products company reported $3.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.19 by $0.10. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. Roper Technologies had a net margin of 21.58% and a return on equity of 16.46%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.09 earnings per share. As a group, equities analysts forecast that Roper Technologies will post 13 EPS for the current year.
A number of research firms have recently commented on ROP. Cowen reiterated an “outperform” rating and set a $400.00 price target (up previously from $375.00) on shares of Roper Technologies in a report on Tuesday, December 17th. Stephens set a $386.00 price target on shares of Roper Technologies and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price target on shares of Roper Technologies from $291.00 to $298.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada set a $383.00 price target on shares of Roper Technologies and gave the company a “buy” rating in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $375.55.
In other news, VP John K. Stipancich sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $360.00, for a total transaction of $1,800,000.00. Following the sale, the vice president now owns 34,004 shares in the company, valued at $12,241,440. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert D. Johnson sold 500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $360.33, for a total transaction of $180,165.00. Following the sale, the director now owns 8,580 shares in the company, valued at approximately $3,091,631.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,500 shares of company stock worth $4,439,435. Corporate insiders own 1.90% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Red Spruce Capital LLC bought a new position in Roper Technologies during the fourth quarter valued at approximately $440,000. Fulton Breakefield Broenniman LLC lifted its position in Roper Technologies by 0.3% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 33,497 shares of the industrial products company’s stock valued at $11,865,000 after purchasing an additional 93 shares during the period. Winslow Evans & Crocker Inc. lifted its position in Roper Technologies by 3.6% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,568 shares of the industrial products company’s stock valued at $558,000 after purchasing an additional 54 shares during the period. Paragon Advisors LLC bought a new position in Roper Technologies during the fourth quarter valued at approximately $467,000. Finally, Donaldson Capital Management LLC raised its position in Roper Technologies by 6.4% in the fourth quarter. Donaldson Capital Management LLC now owns 2,727 shares of the industrial products company’s stock worth $966,000 after acquiring an additional 163 shares during the period. Institutional investors own 92.46% of the company’s stock.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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