Investors Buy Large Volume of Call Options on Roper Technologies (NYSE:ROP)

Roper Technologies Inc (NYSE:ROP) was the recipient of some unusual options trading on Wednesday. Stock traders bought 351 call options on the company. This represents an increase of approximately 575% compared to the typical daily volume of 52 call options.

In other Roper Technologies news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total value of $181,520.00. Following the sale, the director now owns 9,080 shares in the company, valued at approximately $3,296,403.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amy Woods Brinkley sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $360.54, for a total value of $540,810.00. Following the completion of the sale, the director now owns 15,380 shares in the company, valued at approximately $5,545,105.20. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Phocas Financial Corp. bought a new position in shares of Roper Technologies in the second quarter valued at approximately $2,344,000. Krane Funds Advisors LLC bought a new position in Roper Technologies during the second quarter valued at $25,000. Captrust Financial Advisors grew its holdings in Roper Technologies by 227.3% during the second quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 50 shares during the period. Coastal Investment Advisors Inc. bought a new position in Roper Technologies during the second quarter valued at $30,000. Finally, MUFG Americas Holdings Corp lifted its position in shares of Roper Technologies by 83.0% during the second quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 44 shares in the last quarter. 92.26% of the stock is owned by institutional investors.

A number of research analysts have recently issued reports on ROP shares. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price objective on the stock. in a research note on Monday, September 9th. Barclays boosted their price objective on Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. ValuEngine downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Royal Bank of Canada boosted their price objective on Roper Technologies from $393.00 to $404.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. Finally, Wells Fargo & Co upped their price target on Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Roper Technologies has a consensus rating of “Buy” and an average price target of $385.56.

Shares of ROP opened at $338.40 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.97 and a current ratio of 1.11. The stock has a 50 day moving average price of $356.26 and a two-hundred day moving average price of $357.40. The firm has a market capitalization of $35.21 billion, a P/E ratio of 28.65, a P/E/G ratio of 2.08 and a beta of 1.14. Roper Technologies has a 52 week low of $245.59 and a 52 week high of $385.51.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Thursday, July 25th. The industrial products company reported $3.07 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.02. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.89 EPS. On average, equities analysts forecast that Roper Technologies will post 13.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Friday, October 4th will be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Thursday, October 3rd. Roper Technologies’s dividend payout ratio is presently 15.66%.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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