Insider Selling: Roper Technologies, Inc. (NYSE:ROP) CFO Sells 3,500 Shares of Stock

Roper Technologies, Inc. (NYSE:ROP) CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now owns 33,685 shares in the company, valued at $18,965,328.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Roper Technologies Stock Up 0.4 %

Shares of NYSE:ROP opened at $561.49 on Monday. Roper Technologies, Inc. has a 1-year low of $453.96 and a 1-year high of $565.00. The company’s fifty day moving average is $536.77 and its two-hundred day moving average is $541.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The stock has a market capitalization of $60.10 billion, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of 2.93 and a beta of 1.01.

Roper Technologies (NYSE:ROP) last issued its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. Roper Technologies’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $3.90 earnings per share. Equities analysts anticipate that Roper Technologies, Inc. will post 18.15 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.53%. Roper Technologies’s payout ratio is currently 21.77%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ROP. Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Oppenheimer reaffirmed an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a research report on Monday, April 29th. Mizuho increased their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, Barclays upped their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $584.82.

Institutional Investors Weigh In On Roper Technologies

Hedge funds have recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. bought a new position in Roper Technologies in the 1st quarter worth about $25,000. Rise Advisors LLC acquired a new stake in Roper Technologies in the 1st quarter valued at approximately $27,000. OFI Invest Asset Management bought a new stake in Roper Technologies during the 1st quarter valued at $29,000. Independence Bank of Kentucky acquired a new position in Roper Technologies during the 4th quarter worth $31,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Roper Technologies in the fourth quarter worth $31,000. 93.31% of the stock is currently owned by institutional investors.

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.