Roper Technologies, Inc. (NYSE:ROP) Director Christopher Wright Sells 1,100 Shares

Posted by Defense World Staff on Sep 19th, 2023

Roper Technologies, Inc. (NYSE:ROP – Get Free Report) Director Christopher Wright sold 1,100 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $498.56, for a total transaction of $548,416.00. Following the completion of the transaction, the director now owns 36,727 shares in the company, valued at approximately $18,310,613.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Christopher Wright also recently made the following trade(s):

On Tuesday, June 20th, Christopher Wright sold 300 shares of Roper Technologies stock. The stock was sold at an average price of $457.19, for a total transaction of $137,157.00.

Roper Technologies Trading Up 0.7 %

Shares of ROP stock opened at $499.16 on Tuesday. The stock’s fifty day moving average is $490.73 and its two-hundred day moving average is $463.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.90 and a current ratio of 0.94. The firm has a market capitalization of $53.27 billion, a P/E ratio of 18.37, a PEG ratio of 2.89 and a beta of 1.02. Roper Technologies, Inc. has a fifty-two week low of $356.21 and a fifty-two week high of $504.73.

Roper Technologies (NYSE:ROP – Get Free Report) last issued its earnings results on Friday, July 21st. The industrial products company reported $4.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.99 by $0.13. Roper Technologies had a return on equity of 10.61% and a net margin of 50.21%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned $3.95 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Research analysts expect that Roper Technologies, Inc. will post 16.46 earnings per share for the current fiscal year.

Roper Technologies Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 24th. Shareholders of record on Monday, July 10th were paid a $0.6825 dividend. This represents a $2.73 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Friday, July 7th. Roper Technologies’s dividend payout ratio (DPR) is presently 10.05%.

Analyst Ratings Changes

A number of brokerages have recently commented on ROP. Oppenheimer raised their price objective on shares of Roper Technologies from $535.00 to $560.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Royal Bank of Canada raised their price objective on shares of Roper Technologies from $532.00 to $569.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Robert W. Baird increased their target price on Roper Technologies from $483.00 to $503.00 in a research report on Tuesday, July 18th. Raymond James increased their target price on Roper Technologies from $550.00 to $572.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, TD Cowen increased their target price on Roper Technologies from $525.00 to $535.00 and gave the company an “outperform” rating in a research report on Tuesday, July 25th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $525.80.

Get Our Latest Research Report on Roper Technologies

Institutional Trading of Roper Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of ROP. Lord Abbett & CO. LLC increased its stake in shares of Roper Technologies by 1.7% in the 1st quarter. Lord Abbett & CO. LLC now owns 27,664 shares of the industrial products company’s stock worth $13,064,000 after acquiring an additional 463 shares during the last quarter. Prudential PLC acquired a new stake in shares of Roper Technologies during the 1st quarter worth about $1,038,000. Cetera Investment Advisers increased its position in shares of Roper Technologies by 0.8% during the 1st quarter. Cetera Investment Advisers now owns 3,916 shares of the industrial products company’s stock worth $1,849,000 after purchasing an additional 30 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Roper Technologies during the 1st quarter worth about $367,000. Finally, Candriam Luxembourg S.C.A. increased its position in shares of Roper Technologies by 432.2% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 37,205 shares of the industrial products company’s stock worth $17,569,000 after purchasing an additional 30,214 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Company Profile

(Get Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.