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.
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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