Roper Technologies Inc (NYSE:ROP) CEO Brian D. Jellison sold 37,220 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $277.01, for a total value of $10,310,312.20. Following the completion of the sale, the chief executive officer now owns 1,459,892 shares of the company’s stock, valued at $404,404,682.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Roper Technologies Inc (NYSE:ROP) traded down $0.73 during midday trading on Friday, reaching $275.69. The company’s stock had a trading volume of 645,311 shares, compared to its average volume of 400,385. The firm has a market cap of $28,220.00, a PE ratio of 40.07, a PEG ratio of 2.22 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 0.94. Roper Technologies Inc has a 52-week low of $185.11 and a 52-week high of $277.41.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.06. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.65 EPS. equities research analysts expect that Roper Technologies Inc will post 9.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a $0.4125 dividend. The ex-dividend date is Monday, January 8th. This is a boost from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 annualized dividend and a yield of 0.60%. Roper Technologies’s payout ratio is currently 23.98%.
Several research firms recently issued reports on ROP. Wells Fargo & Co set a $310.00 price target on Roper Technologies and gave the company a “buy” rating in a research note on Thursday. Oppenheimer restated a “buy” rating on shares of Roper Technologies in a research note on Monday, October 30th. Royal Bank of Canada boosted their price target on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Cowen restated a “buy” rating and issued a $250.00 price target on shares of Roper Technologies in a research note on Thursday, October 12th. Finally, Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $260.75.
A number of hedge funds and other institutional investors have recently made changes to their positions in ROP. Tower Research Capital LLC TRC raised its holdings in Roper Technologies by 34.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock valued at $136,000 after acquiring an additional 152 shares in the last quarter. Stephens Inc. AR raised its holdings in Roper Technologies by 113.6% in the 3rd quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 350 shares in the last quarter. Zions Bancorporation raised its holdings in Roper Technologies by 3,457.9% in the 3rd quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 657 shares in the last quarter. Sun Life Financial INC raised its holdings in Roper Technologies by 6,690.9% in the 2nd quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 736 shares in the last quarter. Finally, Westwood Holdings Group Inc. acquired a new position in Roper Technologies in the 2nd quarter valued at $190,000. 93.55% of the stock is owned by hedge funds and other institutional investors.
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About Roper Technologies
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.
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