Roper Technologies Inc (NYSE:ROP) Director Robert D. Johnson Sells 500 Shares

Roper Technologies Inc (NYSE:ROP) Director Robert D. Johnson sold 500 shares of Roper Technologies stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $360.33, for a total transaction of $180,165.00. Following the sale, the director now directly owns 8,580 shares in the company, valued at $3,091,631.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Roper Technologies stock traded down $2.11 during trading on Tuesday, hitting $351.76. The company’s stock had a trading volume of 714,011 shares, compared to its average volume of 462,592. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.94. Roper Technologies Inc has a 52 week low of $245.59 and a 52 week high of $385.51. The stock has a market cap of $37.50 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 2.52 and a beta of 1.14. The stock has a 50-day moving average price of $344.67 and a two-hundred day moving average price of $356.45.

Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, October 24th. The industrial products company reported $3.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.19 by $0.10. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. Roper Technologies had a return on equity of 16.46% and a net margin of 21.58%. Roper Technologies’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $3.09 EPS. On average, equities analysts predict that Roper Technologies Inc will post 13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be paid a $0.512 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.46. The ex-dividend date is Wednesday, January 8th. This represents a $2.05 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio is presently 15.66%.

Several institutional investors and hedge funds have recently modified their holdings of ROP. Phocas Financial Corp. acquired a new stake in Roper Technologies during the 2nd quarter valued at approximately $2,344,000. Krane Funds Advisors LLC bought a new position in Roper Technologies in the 2nd quarter valued at $25,000. Captrust Financial Advisors grew its stake in Roper Technologies by 227.3% in the 2nd 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. purchased a new stake in shares of Roper Technologies during the 2nd quarter valued at $30,000. Finally, MUFG Americas Holdings Corp raised its position in shares of Roper Technologies by 83.0% in the second quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 44 shares during the period. Institutional investors own 92.54% of the company’s stock.

A number of equities analysts recently issued reports on ROP shares. Royal Bank of Canada set a $383.00 price objective on shares of Roper Technologies and gave the stock a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price target on Roper Technologies from $291.00 to $298.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Stephens set a $386.00 target price on Roper Technologies and gave the stock a “buy” rating in a report on Friday, October 25th. ValuEngine downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price target on the stock. in a research note on Monday, September 9th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Roper Technologies currently has a consensus rating of “Buy” and a consensus price target of $373.10.

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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