Roper Technologies (NASDAQ:ROP) Stock: Insider Brandon Cross Sells 2,000 Shares

Roper Technologies, Inc. (NASDAQ:ROP) CAO Brandon Cross sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $489.30, for a total transaction of $978,600.00. Following the sale, the chief accounting officer directly owned 2,271 shares of the company’s stock, valued at approximately $1,111,200.30. The trade was a 46.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Roper Technologies Price Performance

Shares of NASDAQ:ROP traded down $0.67 during trading on Thursday, reaching $491.55. The stock had a trading volume of 2,214,644 shares, compared to its average volume of 1,208,130. The stock has a market capitalization of $48.68 billion, a PE ratio of 19.40, a P/E/G ratio of 2.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.43 and a quick ratio of 0.39. Roper Technologies, Inc. has a 52 week low of $305.96 and a 52 week high of $507.24. The business’s 50-day moving average price is $396.43 and its 200 day moving average price is $366.45.

Roper Technologies (NASDAQ:ROP) last released its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $0.10. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The business had revenue of $2.17 billion for the quarter. During the same quarter last year, the company earned $5.14 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. As a group, equities analysts predict that Roper Technologies, Inc. will post 22.38 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 19th. Stockholders of record on Monday, January 4th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, January 4th. This is a boost from Roper Technologies’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 0.8%. Roper Technologies’s dividend payout ratio (DPR) is currently 14.36%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ROP. Raymond James Financial cut Roper Technologies from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, July 22nd. Truist Financial raised their price objective on shares of Roper Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Jefferies Financial Group boosted their target price on shares of Roper Technologies from $500.00 to $540.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Piper Sandler reduced their target price on shares of Roper Technologies from $540.00 to $526.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Finally, Argus raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 price target on the stock in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $469.41.

Hedge Funds Weigh In On Roper Technologies

Several large investors have recently made changes to their positions in ROP. Edmond DE Rothschild Holding S.A. acquired a new stake in Roper Technologies in the second quarter worth about $27,000. Global Assets Advisory LLC bought a new stake in Roper Technologies during the 1st quarter worth about $36,000. BOK Financial Private Wealth Inc. bought a new stake in Roper Technologies during the 2nd quarter worth about $36,000. Salomon & Ludwin LLC acquired a new position in Roper Technologies during the 3rd quarter valued at about $37,000. Finally, CoreCap Advisors LLC lifted its position in Roper Technologies by 114.8% during the 2nd quarter. CoreCap Advisors LLC now owns 131 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.