Roper Technologies (NASDAQ:ROP) CEO Sells 40,000 Shares of Stock

Roper Technologies, Inc. (NASDAQ:ROP) CEO Laurence Hunn sold 40,000 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $492.50, for a total transaction of $19,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 44,457 shares of the company’s stock, valued at approximately $21,895,072.50. This trade represents a 47.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Roper Technologies Price Performance

Roper Technologies stock traded down $14.36 during mid-day trading on Friday, reaching $476.60. 1,059,861 shares of the company’s stock traded hands, compared to its average volume of 1,207,462. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $507.24. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of $397.99 and a two-hundred day moving average of $366.83. The company has a market cap of $47.20 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.44 and a beta of 0.67.

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

Roper Technologies Increases Dividend

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

Institutional Trading of Roper Technologies

Several institutional investors have recently added to or reduced their stakes in ROP. Frank Rimerman Advisors LLC grew its stake in shares of Roper Technologies by 3.4% during the first quarter. Frank Rimerman Advisors LLC now owns 950 shares of the industrial products company’s stock valued at $336,000 after buying an additional 31 shares during the last quarter. Eads & Heald Wealth Management boosted its holdings in Roper Technologies by 1.7% during the 3rd quarter. Eads & Heald Wealth Management now owns 2,720 shares of the industrial products company’s stock valued at $950,000 after acquiring an additional 46 shares during the period. RDA Financial Network boosted its holdings in Roper Technologies by 1.4% during the 2nd quarter. RDA Financial Network now owns 3,635 shares of the industrial products company’s stock valued at $1,230,000 after acquiring an additional 51 shares during the period. Hamilton Point Investment Advisors LLC grew its position in Roper Technologies by 0.3% in the 1st quarter. Hamilton Point Investment Advisors LLC now owns 16,086 shares of the industrial products company’s stock valued at $5,692,000 after acquiring an additional 53 shares during the last quarter. Finally, Caerus Investment Advisors LLC grew its position in Roper Technologies by 7.0% in the 1st quarter. Caerus Investment Advisors LLC now owns 853 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ROP shares. Robert W. Baird set a $480.00 price objective on Roper Technologies and gave the company an “outperform” rating in a research report on Friday, July 24th. Weiss Ratings upgraded Roper Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 20th. Truist Financial boosted their target price on Roper Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Raymond James Financial lowered Roper Technologies from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, July 22nd. Finally, Argus upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $469.41.

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.