Roper Technologies, Inc. (NYSE:ROP) Director Christopher Wright sold 1,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $234.00, for a total value of $234,000.00. Following the transaction, the director now directly owns 65,104 shares of the company’s stock, valued at approximately $15,234,336. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Christopher Wright also recently made the following trade(s):
- On Friday, June 9th, Christopher Wright sold 1,800 shares of Roper Technologies stock. The stock was sold at an average price of $228.70, for a total value of $411,660.00.
Shares of Roper Technologies, Inc. (ROP) opened at 229.30 on Friday. Roper Technologies, Inc. has a 1-year low of $167.50 and a 1-year high of $238.49. The stock has a 50 day moving average price of $234.07 and a 200 day moving average price of $219.55. The company has a market capitalization of $23.44 billion, a price-to-earnings ratio of 34.33 and a beta of 1.04.
Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.02. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $1.56 earnings per share. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. Analysts forecast that Roper Technologies, Inc. will post $9.27 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were given a $0.35 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.61%. Roper Technologies’s payout ratio is 20.96%.
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Several equities analysts recently weighed in on ROP shares. Royal Bank Of Canada reissued an “outperform” rating and set a $248.00 price objective (up previously from $245.00) on shares of Roper Technologies in a research report on Monday, May 1st. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 price target for the company in a report on Monday, May 1st. Barclays PLC upped their price target on Roper Technologies from $221.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, May 1st. Raymond James Financial, Inc. upped their price target on Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $242.00 price target on shares of Roper Technologies in a report on Friday, July 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Roper Technologies currently has an average rating of “Buy” and a consensus price target of $238.42.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Roper Technologies by 3.4% in the second quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after buying an additional 354,064 shares during the last quarter. BlackRock Inc. boosted its position in shares of Roper Technologies by 2,678.8% in the first quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock worth $1,647,156,000 after buying an additional 7,689,856 shares during the period. State Street Corp boosted its position in shares of Roper Technologies by 4.6% in the first quarter. State Street Corp now owns 4,625,791 shares of the industrial products company’s stock worth $955,175,000 after buying an additional 203,844 shares during the period. Principal Financial Group Inc. boosted its position in shares of Roper Technologies by 3.0% in the second quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock worth $450,277,000 after buying an additional 57,035 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Roper Technologies by 25.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,442,293 shares of the industrial products company’s stock worth $297,819,000 after buying an additional 291,418 shares during the period. Institutional investors own 96.65% of the company’s stock.
Roper Technologies Company Profile
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