Robert D. Johnson Sells 750 Shares of Roper Technologies Inc (NYSE:ROP) Stock

Roper Technologies Inc (NYSE:ROP) Director Robert D. Johnson sold 750 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $344.76, for a total transaction of $258,570.00. Following the completion of the sale, the director now owns 7,700 shares of the company’s stock, valued at $2,654,652. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NYSE:ROP traded up $3.32 during mid-day trading on Friday, reaching $366.26. The stock had a trading volume of 1,598,548 shares, compared to its average volume of 501,333. The business has a 50-day simple moving average of $357.87. The stock has a market capitalization of $37.69 billion, a PE ratio of 31.01, a PEG ratio of 2.55 and a beta of 1.19. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 0.55. Roper Technologies Inc has a 12 month low of $245.59 and a 12 month high of $370.31.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.52. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Roper Technologies had a net margin of 20.90% and a return on equity of 17.00%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $2.61 earnings per share. Sell-side analysts expect that Roper Technologies Inc will post 12.92 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Monday, July 8th will be given a $0.4625 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.85 dividend on an annualized basis and a yield of 0.51%. Roper Technologies’s dividend payout ratio is currently 15.66%.

Institutional investors have recently modified their holdings of the business. FMR LLC lifted its holdings in Roper Technologies by 95.8% in the first quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock valued at $592,690,000 after buying an additional 848,157 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Roper Technologies during the first quarter valued at about $210,000. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Roper Technologies by 16.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 104,814 shares of the industrial products company’s stock valued at $35,843,000 after acquiring an additional 15,018 shares in the last quarter. Giverny Capital Inc. acquired a new position in shares of Roper Technologies during the first quarter valued at about $426,000. Finally, Summit Global Investments increased its holdings in shares of Roper Technologies by 3.6% during the first quarter. Summit Global Investments now owns 2,280 shares of the industrial products company’s stock valued at $780,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

ROP has been the topic of several research analyst reports. Stephens increased their price target on shares of Roper Technologies from $390.00 to $402.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Argus increased their price target on shares of Roper Technologies from $330.00 to $365.00 and gave the company a “buy” rating in a report on Friday, April 26th. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a report on Tuesday, March 19th. Oppenheimer increased their price target on shares of Roper Technologies from $335.00 to $375.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Finally, Barclays raised their target price on shares of Roper Technologies from $316.00 to $330.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $349.90.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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Insider Buying and Selling by Quarter for Roper Technologies (NYSE:ROP)

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