Roper Technologies Inc (NYSE:ROP) Director Robert D. Johnson sold 750 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $301.86, for a total value of $226,395.00. Following the transaction, the director now directly owns 9,200 shares in the company, valued at $2,777,112. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NYSE:ROP traded down $3.94 during mid-day trading on Tuesday, hitting $297.11. The company’s stock had a trading volume of 54,428 shares, compared to its average volume of 388,130. Roper Technologies Inc has a 1 year low of $252.23 and a 1 year high of $312.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.66 and a current ratio of 0.76. The firm has a market cap of $30.78 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 2.06 and a beta of 1.15.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, October 26th. The industrial products company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.94 by $0.15. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. Roper Technologies had a net margin of 22.44% and a return on equity of 16.30%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.36 earnings per share. As a group, equities research analysts predict that Roper Technologies Inc will post 11.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th will be given a $0.4625 dividend. The ex-dividend date is Tuesday, January 8th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.62%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.41. Roper Technologies’s dividend payout ratio is 17.52%.
Several institutional investors have recently modified their holdings of ROP. Cornerstone Wealth Management LLC acquired a new position in shares of Roper Technologies in the second quarter worth about $113,000. Janney Montgomery Scott LLC raised its position in shares of Roper Technologies by 8.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,428 shares of the industrial products company’s stock worth $1,774,000 after purchasing an additional 477 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Roper Technologies by 1.0% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 45,165 shares of the industrial products company’s stock worth $12,461,000 after purchasing an additional 469 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Roper Technologies by 28.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,927 shares of the industrial products company’s stock worth $531,000 after purchasing an additional 429 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Roper Technologies by 13.2% during the 2nd quarter. Wells Fargo & Company MN now owns 412,042 shares of the industrial products company’s stock worth $113,686,000 after purchasing an additional 47,931 shares during the last quarter. Institutional investors and hedge funds own 91.26% of the company’s stock.
A number of brokerages have recently weighed in on ROP. Stephens began coverage on shares of Roper Technologies in a report on Monday, November 19th. They set an “overweight” rating and a $333.00 price objective on the stock. JPMorgan Chase & Co. lowered shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price objective on the stock. in a report on Friday, September 21st. Zacks Investment Research raised shares of Roper Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 29th. Finally, Barclays lowered their price target on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating on the stock in a report on Monday, October 29th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $319.08.
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About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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