Roper Technologies, Inc. (NYSE:ROP) Director Sells $77,047.60 in Stock

Roper Technologies, Inc. (NYSE:ROP) Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Roper Technologies Trading Down 0.5 %

Shares of ROP traded down $2.84 during trading hours on Monday, reaching $545.69. The stock had a trading volume of 399,500 shares, compared to its average volume of 523,650. The company has a market cap of $58.41 billion, a P/E ratio of 39.52, a P/E/G ratio of 2.88 and a beta of 1.02. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average of $553.71 and a 200 day moving average of $545.64.

Roper Technologies (NYSE:ROP) last announced its quarterly 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 10.77% and a net margin of 22.14%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company earned $3.90 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, sell-side analysts expect that Roper Technologies, Inc. will post 18.17 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 annualized dividend and a yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

Analyst Upgrades and Downgrades

ROP has been the topic of several research reports. Barclays upped their price target on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the company from $617.00 to $635.00 in a research report on Thursday. Oppenheimer lowered their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $604.33.

Institutional Investors Weigh In On Roper Technologies

Several large investors have recently made changes to their positions in ROP. Norges Bank bought a new stake in Roper Technologies in the 4th quarter valued at $756,176,000. Mackenzie Financial Corp lifted its holdings in shares of Roper Technologies by 45.6% in the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after purchasing an additional 280,873 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Roper Technologies by 149.7% during the fourth quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock worth $200,067,000 after buying an additional 220,006 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Roper Technologies by 32.8% during the fourth quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock worth $468,273,000 after buying an additional 211,967 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Roper Technologies by 134.5% in the 4th quarter. Wellington Management Group LLP now owns 272,763 shares of the industrial products company’s stock valued at $148,702,000 after acquiring an additional 156,468 shares in the last quarter. 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.