Roper Technologies Inc (NYSE:ROP) Director Richard F. Wallman acquired 500 shares of the company’s stock in a transaction on Wednesday, May 23rd. The stock was acquired at an average cost of $278.00 per share, for a total transaction of $139,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NYSE ROP traded down $0.90 on Wednesday, reaching $278.88. 339,200 shares of the company were exchanged, compared to its average volume of 472,630. The firm has a market capitalization of $29.01 billion, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.73. Roper Technologies Inc has a fifty-two week low of $224.12 and a fifty-two week high of $292.97.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, April 20th. The industrial products company reported $2.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.12. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Roper Technologies had a return on equity of 15.41% and a net margin of 21.70%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 earnings per share. sell-side analysts forecast that Roper Technologies Inc will post 11.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 23rd. Shareholders of record on Monday, April 9th were paid a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Friday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is currently 17.52%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Reliance Trust Co. of Delaware purchased a new stake in Roper Technologies in the fourth quarter valued at $239,000. Amalgamated Bank raised its position in Roper Technologies by 9.6% in the fourth quarter. Amalgamated Bank now owns 13,278 shares of the industrial products company’s stock valued at $3,439,000 after purchasing an additional 1,168 shares during the period. AGF Investments Inc. raised its position in Roper Technologies by 127.8% in the first quarter. AGF Investments Inc. now owns 15,302 shares of the industrial products company’s stock valued at $4,295,000 after purchasing an additional 8,585 shares during the period. Alliancebernstein L.P. raised its position in Roper Technologies by 3.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,148,723 shares of the industrial products company’s stock valued at $297,519,000 after purchasing an additional 40,846 shares during the period. Finally, Meadow Creek Investment Management LLC raised its position in Roper Technologies by 14.9% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,944 shares of the industrial products company’s stock valued at $1,021,000 after purchasing an additional 510 shares during the period. 93.20% of the stock is currently owned by institutional investors.
A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Roper Technologies from $300.00 to $303.00 and gave the stock an “overweight” rating in a research note on Tuesday. Robert W. Baird reaffirmed a “hold” rating and issued a $293.00 price target on shares of Roper Technologies in a research note on Monday, April 23rd. ValuEngine lowered Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. Barclays lifted their price target on Roper Technologies from $285.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Monday, April 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $330.00 price target on shares of Roper Technologies in a research note on Monday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $303.58.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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