Insider Selling: Roper Technologies, Inc. (NYSE:ROP) CFO Sells 3,500 Shares of Stock

Roper Technologies, Inc. (NYSE:ROP) CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Roper Technologies Stock Performance

ROP opened at $561.49 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. Roper Technologies, Inc. has a 52-week low of $453.96 and a 52-week high of $565.00. The firm has a market cap of $60.10 billion, a P/E ratio of 40.75, a price-to-earnings-growth ratio of 2.93 and a beta of 1.01. The business’s fifty day moving average is $536.77 and its 200-day moving average is $541.82.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company posted $3.90 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. Sell-side analysts expect that Roper Technologies, Inc. will post 18.15 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.53%. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ROP. Oppenheimer reissued an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a research report on Monday, April 29th. Barclays raised their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Mizuho boosted their price target on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, Royal Bank of Canada decreased their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $584.82.

Institutional Investors Weigh In On Roper Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC raised its holdings in shares of Roper Technologies by 36.9% during the 3rd quarter. LPL Financial LLC now owns 42,696 shares of the industrial products company’s stock worth $20,677,000 after buying an additional 11,501 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Roper Technologies during the third quarter worth about $1,130,000. Operose Advisors LLC bought a new position in shares of Roper Technologies in the third quarter worth about $198,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Roper Technologies by 60.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 5,795 shares of the industrial products company’s stock worth $2,806,000 after acquiring an additional 2,194 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new stake in shares of Roper Technologies in the 3rd quarter valued at approximately $251,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and 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.