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.
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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