Roper Technologies (NASDAQ:ROP) CAO Sells $978,600.00 in Stock

Roper Technologies, Inc. (NASDAQ:ROP – Get Free Report) CAO Brandon Cross sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $489.30, for a total transaction of $978,600.00. Following the completion of the transaction, the chief accounting officer owned 2,271 shares in the company, valued at approximately $1,111,200.30. This represents a 46.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Roper Technologies Stock Down 0.1%

ROP stock traded down $0.67 during midday trading on Thursday, reaching $491.55. The company had a trading volume of 2,214,644 shares, compared to its average volume of 1,208,130. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $507.24. 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 capitalization of $48.68 billion, a P/E ratio of 19.40, a PEG ratio of 2.35 and a beta of 0.67. The company has a 50 day moving average of $396.43 and a two-hundred day moving average of $366.45.

Roper Technologies (NASDAQ:ROP – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, beating the consensus estimate 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 for the quarter. During the same quarter in the prior year, the firm earned $5.14 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts expect that Roper Technologies, Inc. will post 22.38 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on ROP shares. Piper Sandler lowered their price target on Roper Technologies from $540.00 to $526.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Raymond James Financial lowered shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. upgraded shares of Roper Technologies from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $415.00 to $490.00 in a research note on Monday, October 26th. The Goldman Sachs Group decreased their target price on shares of Roper Technologies from $414.00 to $410.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, Jefferies Financial Group increased their price target on shares of Roper Technologies from $500.00 to $540.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Roper Technologies presently has an average rating of “Hold” and a consensus price target of $469.41.

Read Our Latest Report on ROP

Institutional Trading of Roper Technologies

Several large investors have recently made changes to their positions in ROP. Ascent Group LLC acquired a new stake in Roper Technologies during the third quarter valued at approximately $1,903,000. Caldwell Trust Co acquired a new position in shares of Roper Technologies in the 3rd quarter worth approximately $218,000. Rakuten Investment Management Inc. bought a new position in shares of Roper Technologies during the 3rd quarter worth approximately $9,247,000. Third View Private Wealth LLC bought a new position in shares of Roper Technologies during the 3rd quarter worth approximately $256,000. Finally, Provenance Wealth Advisors LLC acquired a new stake in Roper Technologies in the 3rd quarter valued at $63,000. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Company Profile

(Get Free Report)

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.

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

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