Roper Technologies, Inc. (NYSE:ROP) Director Sells $195,800.00 in Stock

Roper Technologies, Inc. (NYSE:ROP - Get Free Report) Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, the director directly owned 20,510 shares of the company's stock, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Roper Technologies Stock Up 0.4%

Shares of Roper Technologies stock traded up $2.13 during trading on Friday, reaching $562.50. The stock had a trading volume of 111,195 shares, compared to its average volume of 617,121. The company has a market capitalization of $60.48 billion, a price-to-earnings ratio of 39.23, a P/E/G ratio of 2.77 and a beta of 1.02. The stock has a fifty day moving average price of $564.44 and a two-hundred day moving average price of $562.49. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The firm's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.48 EPS. Sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is presently 23.19%.

Hedge Funds Weigh In On Roper Technologies

A number of institutional investors have recently bought and sold shares of the business. Saudi Central Bank acquired a new stake in Roper Technologies during the first quarter worth approximately $25,000. MorganRosel Wealth Management LLC acquired a new stake in Roper Technologies in the first quarter valued at $27,000. Banque Transatlantique SA acquired a new stake in Roper Technologies in the first quarter valued at $25,000. Olde Wealth Management LLC acquired a new stake in Roper Technologies in the first quarter valued at $31,000. Finally, Wayfinding Financial LLC acquired a new stake in Roper Technologies during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ROP shares. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. Truist Financial increased their price objective on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday. Oppenheimer reissued an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their price objective on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and an average price target of $637.18.

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.