Investors Buy Large Volume of Call Options on Roper Technologies (NYSE:ROP)

Roper Technologies Inc (NYSE:ROP) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 351 call options on the company. This is an increase of approximately 575% compared to the typical volume of 52 call options.

A number of equities analysts recently weighed in on the company. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price target on the stock. in a research note on Monday, September 9th. Royal Bank of Canada lifted their price target on Roper Technologies from $393.00 to $404.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. Barclays lifted their price target on Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 9th. Oppenheimer lifted their target price on Roper Technologies from $375.00 to $400.00 in a research note on Tuesday, July 9th. Finally, Wells Fargo & Co lifted their target price on Roper Technologies from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $385.56.

ROP opened at $338.40 on Thursday. The stock has a market cap of $35.21 billion, a PE ratio of 28.65, a P/E/G ratio of 2.08 and a beta of 1.14. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57. Roper Technologies has a 1 year low of $245.59 and a 1 year high of $385.51. The stock’s 50 day simple moving average is $356.26 and its 200-day simple moving average is $357.40.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.02. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business posted $2.89 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Equities analysts forecast that Roper Technologies will post 13.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Friday, October 4th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, October 3rd. Roper Technologies’s payout ratio is presently 15.66%.

In other Roper Technologies news, Director Amy Woods Brinkley sold 1,500 shares of Roper Technologies stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $360.54, for a total value of $540,810.00. Following the completion of the transaction, the director now owns 15,380 shares of the company’s stock, valued at $5,545,105.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 500 shares of Roper Technologies stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $363.04, for a total transaction of $181,520.00. Following the sale, the director now owns 9,080 shares in the company, valued at $3,296,403.20. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in ROP. Westbourne Investment Advisors Inc. lifted its stake in shares of Roper Technologies by 3.9% during the second quarter. Westbourne Investment Advisors Inc. now owns 727 shares of the industrial products company’s stock valued at $266,000 after acquiring an additional 27 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in Roper Technologies by 2.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 1,440 shares of the industrial products company’s stock valued at $527,000 after buying an additional 30 shares during the period. Motco lifted its stake in Roper Technologies by 4.8% in the second quarter. Motco now owns 660 shares of the industrial products company’s stock valued at $242,000 after buying an additional 30 shares during the period. Independent Advisor Alliance lifted its stake in Roper Technologies by 4.9% in the second quarter. Independent Advisor Alliance now owns 707 shares of the industrial products company’s stock valued at $259,000 after buying an additional 33 shares during the period. Finally, Van Hulzen Asset Management LLC lifted its stake in Roper Technologies by 3.6% in the second quarter. Van Hulzen Asset Management LLC now owns 984 shares of the industrial products company’s stock valued at $360,000 after buying an additional 34 shares during the period. Institutional investors own 92.26% of the company’s stock.

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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