Roper Technologies (NASDAQ:ROP) EVP Sells $5,226,360.00 in Stock

Roper Technologies, Inc. (NASDAQ:ROP) EVP Jason Conley sold 12,000 shares of the firm’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $435.53, for a total value of $5,226,360.00. Following the transaction, the executive vice president directly owned 28,457 shares in the company, valued at $12,393,877.21. This trade represents a 29.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Roper Technologies Stock Up 2.0%

ROP opened at $449.65 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $391.22 and its 200-day moving average price is $365.38. The company has a market cap of $44.47 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.19 and a beta of 0.75. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $455.80.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings data on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share for the quarter, beating the consensus estimate of $5.79 by $0.10. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The firm had revenue of $2.17 billion during the quarter. During the same quarter in the previous year, the firm posted $5.14 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Roper Technologies, Inc. will post 22.38 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were issued a dividend of $0.91 per share. The ex-dividend date was Friday, October 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. Roper Technologies’s dividend payout ratio is 14.36%.

Analysts Set New Price Targets

ROP has been the topic of several analyst reports. Citigroup boosted their target price on Roper Technologies from $450.00 to $525.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. The Goldman Sachs Group lowered their price target on Roper Technologies from $414.00 to $410.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Argus raised Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Thursday, August 6th. Truist Financial upped their target price on shares of Roper Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Finally, Royal Bank Of Canada lifted their price target on shares of Roper Technologies from $417.00 to $450.00 and gave the stock a “sector perform” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Roper Technologies presently has a consensus rating of “Hold” and an average target price of $469.41.

Institutional Trading of Roper Technologies

Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its stake in Roper Technologies by 14.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 34,615 shares of the industrial products company’s stock valued at $12,249,000 after purchasing an additional 4,384 shares during the period. Core Capital Management & Research inc. bought a new position in shares of Roper Technologies during the second quarter worth $2,472,000. Banyan Capital Management Inc. purchased a new position in Roper Technologies during the first quarter valued at $6,439,000. Paralel Advisors LLC bought a new stake in Roper Technologies in the 2nd quarter valued at $2,210,000. Finally, NewEdge Advisors LLC increased its holdings in Roper Technologies by 153.2% in the 2nd quarter. NewEdge Advisors LLC now owns 6,023 shares of the industrial products company’s stock valued at $2,038,000 after acquiring an additional 3,644 shares during the last quarter. Institutional investors 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.