Insider Selling: Roper Technologies, Inc. (NYSE:ROP) Director Sells 250 Shares of Stock

Roper Technologies, Inc. (NYSE:ROP – Get Rating) Director Robert D. Johnson sold 250 shares of the business’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $443.69, for a total value of $110,922.50. Following the completion of the transaction, the director now owns 5,869 shares in the company, valued at approximately $2,604,016.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Roper Technologies stock traded up $10.61 during mid-day trading on Thursday, reaching $441.44. The company had a trading volume of 462,702 shares, compared to its average volume of 579,074. The stock’s 50-day simple moving average is $454.05 and its 200-day simple moving average is $457.69. Roper Technologies, Inc. has a 1 year low of $402.05 and a 1 year high of $505.00. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.28 and a quick ratio of 1.22. The company has a market capitalization of $46.75 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.70 and a beta of 1.01.
Roper Technologies (NYSE:ROP – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The industrial products company reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.08. Roper Technologies had a return on equity of 13.36% and a net margin of 47.36%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm posted $3.60 earnings per share. Roper Technologies’s revenue was up 10.9% on a year-over-year basis. On average, equities analysts forecast that Roper Technologies, Inc. will post 15.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 22nd. Stockholders of record on Tuesday, April 5th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Monday, April 4th. Roper Technologies’s dividend payout ratio is currently 9.17%.
A number of research firms have recently issued reports on ROP. StockNews.com raised Roper Technologies from a “hold” rating to a “buy” rating in a report on Thursday. Barclays reduced their target price on shares of Roper Technologies from $557.00 to $500.00 and set an “overweight” rating for the company in a research note on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $505.55.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROP. Thrivent Financial for Lutherans increased its stake in shares of Roper Technologies by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,630 shares of the industrial products company’s stock valued at $2,066,000 after acquiring an additional 24 shares during the last quarter. FourThought Financial LLC increased its position in Roper Technologies by 11.0% during the first quarter. FourThought Financial LLC now owns 242 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 24 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in Roper Technologies by 6.5% during the first quarter. JFS Wealth Advisors LLC now owns 396 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 24 shares during the period. Ameritas Advisory Services LLC boosted its holdings in shares of Roper Technologies by 3.6% in the 1st quarter. Ameritas Advisory Services LLC now owns 712 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 25 shares during the last quarter. Finally, Freedom Day Solutions LLC grew its stake in shares of Roper Technologies by 0.5% during the 1st quarter. Freedom Day Solutions LLC now owns 4,933 shares of the industrial products company’s stock valued at $2,329,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.
Roper Technologies Company Profile (Get Rating)
Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.
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