Roper Technologies Inc (NYSE:ROP) CEO Brian D. Jellison sold 81,500 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total value of $21,159,845.00. Following the completion of the sale, the chief executive officer now owns 1,448,575 shares of the company’s stock, valued at approximately $376,093,527.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Roper Technologies Inc (NYSE:ROP) opened at $275.28 on Friday. Roper Technologies Inc has a twelve month low of $185.10 and a twelve month high of $275.52. The firm has a market capitalization of $27,893.70, a price-to-earnings ratio of 31.80, a P/E/G ratio of 2.19 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76.
Roper Technologies (NYSE:ROP) last released its earnings results on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.06. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the firm earned $1.65 EPS. equities analysts anticipate that Roper Technologies Inc will post 9.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be paid a $0.4125 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, January 8th. Roper Technologies’s dividend payout ratio (DPR) is 23.95%.
Several research analysts have weighed in on ROP shares. Oppenheimer upped their target price on Roper Technologies from $257.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Cowen reissued a “buy” rating and set a $250.00 price objective on shares of Roper Technologies in a report on Thursday, October 12th. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada increased their target price on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Finally, JPMorgan Chase & Co. upgraded Roper Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $223.00 to $275.00 in a research note on Wednesday, September 20th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $256.27.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Roper Technologies by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after purchasing an additional 354,064 shares during the last quarter. Harding Loevner LP boosted its position in shares of Roper Technologies by 293.8% in the 3rd quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock worth $358,642,000 after purchasing an additional 4,420,649 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Roper Technologies by 3.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock worth $450,277,000 after purchasing an additional 57,035 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Roper Technologies by 0.8% in the 3rd quarter. American Century Companies Inc. now owns 1,292,795 shares of the industrial products company’s stock worth $314,666,000 after purchasing an additional 10,548 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Roper Technologies by 0.5% in the 2nd quarter. Northern Trust Corp now owns 1,096,562 shares of the industrial products company’s stock worth $253,887,000 after purchasing an additional 5,279 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
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About Roper Technologies
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