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

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

Roper Technologies Price Performance

NASDAQ ROP opened at $490.96 on Friday. The stock’s 50-day moving average price is $397.99 and its two-hundred day moving average price is $366.83. 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 company has a market cap of $48.62 billion, a PE ratio of 19.37, a PEG ratio of 2.44 and a beta of 0.67. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $507.24.

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

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 19th. Investors of record on Monday, January 4th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, January 4th. This represents a $4.00 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.91. Roper Technologies’s dividend payout ratio (DPR) is 14.36%.

Institutional Trading of Roper Technologies

Institutional investors have recently made changes to their positions in the stock. Core Capital Management & Research inc. acquired a new stake in shares of Roper Technologies in the second quarter valued at about $2,472,000. PNC Financial Services Group Inc. increased its stake in shares of Roper Technologies by 14.5% in the first quarter. PNC Financial Services Group Inc. now owns 34,615 shares of the industrial products company’s stock worth $12,249,000 after purchasing an additional 4,384 shares during the period. Banyan Capital Management Inc. acquired a new position in shares of Roper Technologies during the 1st quarter worth about $6,439,000. Tidal Investments LLC lifted its position in shares of Roper Technologies by 39.5% during the 2nd quarter. Tidal Investments LLC now owns 21,533 shares of the industrial products company’s stock worth $7,287,000 after purchasing an additional 6,098 shares during the last quarter. Finally, Paralel Advisors LLC bought a new stake in Roper Technologies during the 2nd quarter valued at approximately $2,210,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BMO Capital Markets reissued a “market perform” rating and set a $462.00 target price (up from $393.00) on shares of Roper Technologies in a research note on Friday, October 23rd. Raymond James Financial cut Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 22nd. 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. JPMorgan Chase & Co. upgraded Roper Technologies from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $415.00 to $490.00 in a report on Monday, October 26th. Finally, Piper Sandler dropped their price target on Roper Technologies from $540.00 to $526.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of “Hold” and a consensus target price of $469.41.

Roper Technologies Company Profile

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.