Roper Technologies Inc (NYSE:ROP) Director Richard F. Wallman purchased 500 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $326.97 per share, for a total transaction of $163,485.00. Following the purchase, the director now owns 53,465 shares of the company’s stock, valued at approximately $17,481,451.05. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
ROP stock traded up $0.75 during trading on Friday, hitting $326.21. 664,830 shares of the company traded hands, compared to its average volume of 411,646. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.64. The stock has a market cap of $33.72 billion, a P/E ratio of 27.62, a P/E/G ratio of 2.14 and a beta of 1.21. Roper Technologies Inc has a 1 year low of $245.59 and a 1 year high of $327.55.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, February 1st. The industrial products company reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.09. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Roper Technologies had a return on equity of 16.57% and a net margin of 18.19%. Roper Technologies’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the business earned $2.70 earnings per share. On average, research analysts predict that Roper Technologies Inc will post 12.24 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Cutler Group LP bought a new stake in Roper Technologies in the fourth quarter valued at about $26,000. Berman Capital Advisors LLC acquired a new position in Roper Technologies in the fourth quarter worth about $26,000. Proficio Capital Partners LLC raised its position in Roper Technologies by 115.8% in the fourth quarter. Proficio Capital Partners LLC now owns 123 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 66 shares in the last quarter. Claybrook Capital LLC acquired a new position in Roper Technologies in the fourth quarter worth about $35,000. Finally, We Are One Seven LLC acquired a new position in Roper Technologies in the fourth quarter worth about $35,000. Institutional investors own 91.86% of the company’s stock.
ROP has been the topic of several research reports. ValuEngine lowered Roper Technologies from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Stephens started coverage on Roper Technologies in a research report on Monday, November 19th. They set an “overweight” rating and a $333.00 price objective on the stock. Barclays dropped their price objective on Roper Technologies from $299.00 to $287.00 and set an “equal weight” rating on the stock in a research report on Monday, December 17th. Robert W. Baird raised their price objective on Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a research note on Monday, February 4th. Finally, Wells Fargo & Co raised their price objective on Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $321.25.
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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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